circus: HOPE NOW: Nearly 1 Mil Completed Loan Mods - Oh Really? - 08/27/10 06:17 PM
It’s usually corporation giants that inflate their numbers to show better returns. More recently, the banks seem to be inflating their numbers or some call it “creative accounting”. Just a few days ago, HOPE NOW reported that nearly 1 million permanent loan modifications have been completed this year. For those unaware, HOPE NOW, represents the private-sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors.
That’s great that they send a mass PR release out to show America that they continue to do a bang-up job in keeping people in their homes and avoiding foreclosure. They issued rah-rah quotes like … (0 comments)