U.S. loan program may have made things worse
‘Money’ shot:
“As a result, desperate homeowners have sent payments to banks in often-futile efforts to keep their homes, which some see as wasting dollars they could have saved in preparation for moving to cheaper rental residences. Some borrowers have seen their credit tarnished while falsely assuming that loan modifications involved no negative reports to credit agencies.“
Ah, liberals. Always in the business of trying to trick you out of reality.
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