Posted by 101livescan on 7/26/09 5:56pm
Msg #297443

Mortgage Workouts Under Criticism

http://loanworkout.org/2009/07/watchdog-criticizes-obama-mortgage-plan/

Foreclosures will accelerate during the rest of this year and next, remember those horrible loans were still being made in December 2007. But now the foreclosure rate is impacted by people being unemployed. Workouts will not be given to homeowners who have no income.