Word: deale
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...Obama Administration is gearing up to play hardball with mortgage companies that only temporarily lower struggling homeowners' monthly payments. But as the drive to make more loan modifications permanent kicks off, there's a weightier question to ask: Can the government's $50 billion foreclosure-prevention initiative deal with the crisis as it now exists...
...effort being spent on whipping companies into shape, though, there is much less energy going toward addressing the changing nature of foreclosure. HAMP was crafted to deal with the effects of the housing bubble: excessively easy credit let people buy homes they couldn't really afford and often with loans that carried spiking interest rates and payments...
...other big gap in HAMP is the way it deals with- or fails to deal with - people who wouldn't be in a position to keep their houses even with a modification. Emily Jones, a manager at Neighborhood Housing Services in Boise, Idaho, says about half of all people who walk into her housing-counseling agency fall into that camp. "The goal isn't to keep the home in every situation," she says. "The goal is to avoid foreclosure, and in a lot of situations, it's not in the client's best interest to try to keep the home...
Della Volpe said that this decrease may be caused by the realization that the issues the president has to deal with have “no quick fixes”. He also attributed the change to a different communications perspective...
Despite being outmatched athletically, the Crimson enters this weekend’s matchup with a great deal of confidence after jumping out to its best start since it began the 1984-85 season...