note: Maybe everyone reading this should call the FHFA and educate them on some facts: THIS IS INTOLERABLE that government would wait an additional year to find a solution to the FRAUD.
Foreclosure Prevention Efforts Stepped Up by Obama Administration - Current Rates, News and Information about Foreclosure | Go Banking Rates: "This is why the Federal Housing Finance Agency (FHFA) is seeking input from the industry, investors, consumer groups and other government agencies to figure out how to change the system.
Foreclosure filings and repossessions reached record numbers in 2010, and while 500,000 borrowers have received permanent loan modifications under the Home Affordable Modification Program (HAMP), many more could have avoided foreclosure if they’d received help from servicers.
The FHFA is pushing to get some solid modification ideas and plans in place as soon as possible, but actual changes to the system aren’t expected to take place before the middle of 2012."
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