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2008-12-14 — nypost.com
After a two-month state moratorium on foreclosures pending the intensive modification program, IndyMac's foreclosures in November skyrocketed 242 percent from October, according to the report by Mark Hanson, of the Field Check Group. ... Hanson, echoing many federal lawmakers, said that as long as a modification program tinkers only with the interest payments and not a reduction in principal, it will never work. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |