Archive for November 11th, 2008

Loan Mods Get Kicked Into The Obama Administration

With trumpets blaring, the government announced Fannie and Freddie’s new loan modification program. The message? Let Barack take care of it. Here are the bones of the plan and skimpy they are: Borrowers must be 90 days past due and owe more than 90% on their mortgage. The loan will be modified by reducing interest […]