“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
Related posts:
Famed Non-Automotive Journalist Michael Hastings Turns A C250 Into A “Bomb”
Euro Pacific Precious Metals Now Accepts Bitcoin
Amash: Military Members Keep Telling Me To Vote No On Syria
Juggalos figured out how to beat facial recognition
One fake MIT shooter and the troubling trend of SWATting
3D-printed gun maker now has federal firearms license to manufacture, deal guns
Why Clipperz is moving out of US
Judge 'Troubled' by DOJ Position in Drone Strike Case
Dark Wallet Meeting - interview with Wendell Davis
Prison for Smokers, Permits for Strippers! (Nanny of the Month, Jan '13)
BitPay’s Copay Team Broadcasts First Multisig Transaction
Bootleggers and Baptists on the Beach
Buying a Subway sub with Bitcoin
In Gem County, Idaho, It's a Crime to be a "Constitutionalist"
The NSA Revelations Are Destroying IBM Hardware Sales In China