Just when you thought the President’s HAMP program couldn’t be any worse, it is. I teach my classes that just when you think you’ve reached the bottom that there is always more down. Here is solid evidence from the gentlemen at Foreclosureblues.

James Pilant

21% HAMP First Year Redefault Rate Today, December 13, 2010, 1 hour ago | Adam Levitin The Congressional Oversight Panel has a new HAMP report out.  Like all COP reports, it's long and chock full o' analysis.  There's an executive summary up front, but some of the most important points are only in the report proper (especially pp. 100-111).  I think there are three big things to take away from the report: First, 21% of HAMP permanent modification … Read More

via Foreclosureblues