Comments on: Policy Intervention in Debt Renegotiation: Evidence from the Home Affordable Modification Program https://4closurefraud.org/2012/09/13/policy-intervention-in-debt-renegotiation-evidence-from-the-home-affordable-modification-program/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Thu, 13 Sep 2012 17:59:04 +0000 hourly 1 https://wordpress.org/?v=7.0.2 By: Tee https://4closurefraud.org/2012/09/13/policy-intervention-in-debt-renegotiation-evidence-from-the-home-affordable-modification-program/#comment-402845 Thu, 13 Sep 2012 17:59:04 +0000 https://4closurefraud.org/?p=52971#comment-402845 In reply to Ken Hansen.

LOL…..Why would WE ever even think that these servicers would do anything else but look at the govermental requirments as some way to profit. Banks dont follow government directives, they just use the directive language to their advantage. The gov wont follow up on the wrong doings because they feel that they made an effort creating the requirements and that will keep the sheep (us) pacified.Its like training your dog….you say “NO” the first time but dont reinforce your directive when the dogs bad…..so….everything stays the same..

]]> By: Ken Hansen https://4closurefraud.org/2012/09/13/policy-intervention-in-debt-renegotiation-evidence-from-the-home-affordable-modification-program/#comment-402841 Thu, 13 Sep 2012 17:02:11 +0000 https://4closurefraud.org/?p=52971#comment-402841 The muted response of these servicers can be accounted by the fact that they were never held to follow any policy directive which seems to be what is said here. Foaming the runway does not equal any meaningful carrot or stick.
Can we have academics consider or factor in human rights in their objective industry analyses or is housing people otherwise taboo or less important?

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