“A recent study found a big reason for the program’s failure was that, despite all its rules, it didn’t change the behavior of the biggest banks. The banks did a poor job of modifying loans before HAMP was launched and weren’t much better after. To oversee the program, the Treasury awarded Freddie Mac a $209 million contract to be the program’s watchdog. Freddie Mac formed a group, called Making Home Affordable – Compliance, or MHA-C for short, but it got off to an inauspicious start.
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
(Visited 38 times, 1 visits today)
Related posts:
McDonald's Dollar Menu Is About To Become "The Dollar Menu & More"
Israeli Bitcoin Company Opens First Vietnamese Bitcoin Exchange
Monetary Madness, Part II
Colorado: State Approves Up To $10 Million For Cannabis Research
4-D Printing: The Solution to a $350 Billion Problem?
Egyptian Revolution: What You're Not Being Told
Bitcoin Boulevard: Dutch neighborhood now accepting cryptocurrency
Four States Advance Legislation To Block NDAA Indefinite Detention
Mt. Gox Seizures Linked to Silk Road in Fed Testimonies
Entertainment Company Wayi to Become Taiwan’s First Bitcoin Exchange
Putin promises crackdown on $111bln offshore money leak
TSA Detains 3 Year Old In Wheelchair Who Suffers from Spina Bifida
Nigel Farage: 'Bailouts' are a means for total subjugation of nation states
The CIA Retains Control of Drone Assassinations
Australian Safety Official Seeks Refund Of 987 Speed Camera Tickets