Submitted by reform4 on Tue, 2008/12/30 - 12:07pm
Is our financial institutions learning?
That's the question. Suddenly, they are figuring out that mortgage loan modifications that don't really help the borrower make his payments (and end up in default) isn't good for business. Some of them are actually figuring out that helping the borrower meet their payments is a win-win situation.
But damn, it's taking a long time for people to see the blinding obvious.
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