DallasDirt » loan remodification http://dallasdirt.dmagazine.com DallasDirt is a real estate blog with a focus on housing trends, realtor news, and photos of local fabulous homes from the editors of D Magazine Mon, 25 Oct 2010 20:11:09 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Should You Just Walk On Your Mortgage, Ctd: HAMP or Hamper? http://dallasdirt.dmagazine.com/2009/11/30/should-you-just-walk-on-your-mortgage-ctd-hamp-or-hamper/ http://dallasdirt.dmagazine.com/2009/11/30/should-you-just-walk-on-your-mortgage-ctd-hamp-or-hamper/#comments Tue, 01 Dec 2009 02:53:47 +0000 Candy Evans http://dallasdirt.dmagazine.com/?p=6951 The Wall Street Journal’s Peter Eavis noted the very same problem I did with the Obama administration’s new found pressure on banks and lenders to speed up remodifications for hurting borrowers by year’s end. That’s 58% of those in the HAMP trial, or 375,000 borrowers. Great for coffee sales: those processors are going to be pulling some all-nighters. Let’s say in the crunch they scoot by some unqualified borrowers. The result will be even more foreclosures and a higher re-default rate, dumping more inventory on the market just about the time spring sales hit.

Hmm. Maybe the best buyer’s season is yet to come.

]]> http://dallasdirt.dmagazine.com/2009/11/30/should-you-just-walk-on-your-mortgage-ctd-hamp-or-hamper/feed/ 2