How We All Suffer
July 11, 2011
Kim Luu is the editor of Money and Risk and a principal at an independent brokerage firm specializing in retirement and 401(k)s.
The federal Home Affordable Modification Program was badly designed, overly complicated and poorly communicated. Borrowers suffered through horrendous paperwork for months and years. People ran through their retirement savings during the process, and then lost their homes anyway. Meanwhile, banks are saddled with billions of dollars in losses and inventory that still need to be auctioned.
Showing posts with label Kim Luu. Show all posts
Showing posts with label Kim Luu. Show all posts
Tuesday, July 12, 2011
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