Friday, April 3, 2009

Loan Modifications Rising

Washington (AP) - "Among loan modifications made in the October-December quarter, about 37 percent resulted in a drop in payments of more than 10 percent, compared with about one-fourth in the first nine months of the year. Regulators saw that growth as a positive sign."

They make this money up out of thin air and then they get particular about lowering payments?

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