Attempts at Relief and Reform

Congressional Oversight Panel Chimes in on Treasury Programs

Posted on Monday, April 19, 2010

The COP has noted 3 concerns;

1. The pattern of providing increasingly generous incentives may backfire as lenders and servicers delay inhopes of the Feds sweeting the deal even more.

2. That many borrowers will eventually redefault.

3. That the total of announced funding for Treasury programs exceeds the money set aside.

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