回复：2 million troubled borrowers avoid foreclosure (ZT)

ZTed from Paul Muolo.

>>>>
I wish the HOPE NOW Alliance(HNA) the best of
luck but just because it tells us it has
helped 2 million consumers avoid foreclosure
we still can't put that into dollars and cents
or measure its true effectiveness.

This past week I asked HNA executive director
Faith Schwartz if she could give me a dollar volume on the principal amount of mortgage debt that had been
forgiven in these workouts. She could not.
HNA can't yet track that, she said. Does HNA know how many loans have been refinanced into FHA products? They don't know that either. It also has no idea how many of the 2 million loans may have fallen back into delinquency.

Hopefully, in the coming months HNA can provide these answers. Sooner or later someone in Congress is going to start asking hard questions...
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• question:" 2 million troubled borrowers avoid foreclosure" reall -笛笛- ♀ (0 bytes) () 09/02/2008 postreply 12:45:06