EVERYTHING BELOW IS AN OUTRIGHT LIE. YES FOLKS AN OUTRIGHT LIE.
CANCELLATIONS ARE NOT GROWING BECAUSE BORROWERS ARE NOT SUBMITTING THEIR DOCUMENTATION! BORROWERS ARE NOT MISSING PAYMENTS IN TRIAL PLANS EITHER.
THE TREASURY OFFICIALS THINK THEY CAN JUST CONTINUE THIS RIDICULOUS COVERUP.
"Cancellations are growing because of insufficient documentation from borrowers, missed payments, or because borrowers are found to earn too much to qualify, according to Treasury.
Treasury officials still say the program is helping stem the tide of foreclosures.
"The latest report on HAMP shows the program continued to help responsible homeowners," says Herb Allison, Assistant Secretary of the Treasury for Financial Stability. "We continue to see more HAMP trial modifications convert to (permanent) modifications."
I GUESS THIS CALLS FOR ANOTHER EMAIL TO THE WHITEHOUSE.