The “Making Home Affordable” program would be better named the “Making Banking Profitable” program. Very little of the money set aside to pay owners of the mortgages (mortgagees) for granting loan modifications to troubled borrowers...
Catherine Tripp has lived in San Francisco for over 30 years and started her career in financial services at Crocker Bank's NCOC (5th and Mission). She earned a master's in international management, then spent 10 years forecasting and analyzing several banks' portfolios and budgets. In 1994, she co-founded a successful independent mortgage brokerage. After over 170 fundings, including refinances and purchases for TiC's, commercial properties and residences, she is sharing this hard-won knowledge with Examiner.com's readers.
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