Attempts at Relief and Reform

Association of Mortgage Investors Input on Solutions for Distressed homeowners...

Posted on Monday, April 19, 2010

• All modifications should include the requirement for income verification.
• Second liens and other loans should be aggressively modified.
• Servicer conflicts must be addressed.
• Debt to income ratios must be examined and adjusted for all borrowers.
• AIM supports reducing principal for underwater home owners, but the program must be clearly defined.

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