For those delusional people out there that think there was any real effort to modify mortgages (I was certainly one of them), have a look at the following report which shows just how obscenely wasteful, unproductive and ineffective the program was…a breakdown of money received….my money, your money, by the servicers, and how few people actually got anything out of if.
I fought Strategic Defaults for a long time, but that’s all changed now…..
SCREW THE BANKS!
