… what concerns me most is this new bandwagon driving through the foreclosure crisis. Most agree that the government’s mortgage bailout program (Home Affordable Modification Program or HAMP) is at best unsuccessful and at worst detrimental. So now I’m beginning to hear more chatter about principal writedown, and more specifically, government-funded principal writedown.
Are Principal Writedowns the Answer to Housing Crisis?
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Mountain West Financial sells retail assets to ML Mortgage Corp.
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