Why It's So Hard to Modify a Mortgage
MSNBC has an article on their website today which is very informative. It answers many of the questions about "Why It’s So Difficult to Modify a Mortgage"
The article delves into (1) Unscrambling the egg (2) Who’s in charge (3) Tranche warfare (4) Two mortgages (5) Taking a haircut (6) No rules (7) Legal tangles (8) Doing the math (9) Loans that will never work.
I found this piece to be one of the easier explanations to understand for lay people attempting to grapple with this difficult topic.
Click on the link below to reach the article in it’s en...
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