Edward Fay

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In This Corner: Fay Financial’s CEO Edward Fay

Aug 12, 2009By

[Update: 46% of pre-HAMP modifications done in the third quarter of 2008 were 60 or more days delinquent] For several years Edward Fay, CEO and Founder of Fay Financial, recognized the deviation of affordability metrics in the US housing market relative to historical averages. Fay Financial was created in 2008 specifically to address the growing dislocation in the housing market. For this episode of In This Corner, Ed discusses the Home Affordable Modification Program (HAMP) and how his firm tackles the obstacles in today’s servicing industry.

3d rendering of a row of luxury townhouses along a street

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