Another step in the right direction, the negotiation between Wall Street (Lenders) and Main Street (Tax Payers) continues with our economy being held hostage…

http://www.marketwatch.com/news/story/hud-expands-mortgage-modification-program/story.aspx?guid=%7B16FE2FFC-8A8E-4F6C-9CE9-895647CD8FA4%7D&dist=msr_4

Here is great article.

Above is the link for the headlines that came from the on-going negotiation between Wall Street (Lenders) and Main Street (Tax Payers) continues with our economy being held hostage.

  • From 90% to 96.5% the lenders do not lose as much, now the HOPE plan is only 3.5% worse for the lenders vs a 10% gap with the original plan for modifying the mortgage(s) themselves.
  • The big shadow of this program is the equity participation by the Gov