http://www.bestforeclosurenews.com/loan-modification/will-loan-modification-stop-foreclosure Todays Foreclosure News & Info Sun, 03 Jan 2010 06:42:13 +0000 hourly 1 http://www.bestforeclosurenews.com/loan-modification/will-loan-modification-stop-foreclosure/comment-page-1#comment-2973 Peter Thu, 15 Oct 2009 18:43:51 +0000 http://www.bestforeclosurenews.com/?p=1201#comment-2973 This is just another chapter in the Community Reinvestment Act with similar results. Most of these new mortgages will go into default just as the original loan. These borrowers knew the terms of the original loans just as they will know the terms of the new loan. They still have too high a debt to earnings ratio. In the end the tax payers will be holding the bag. it's only postponing the inevitable. This is just another chapter in the Community Reinvestment Act with similar results. Most of these new mortgages will go into default just as the original loan. These borrowers knew the terms of the original loans just as they will know the terms of the new loan. They still have too high a debt to earnings ratio. In the end the tax payers will be holding the bag. it’s only postponing the inevitable.

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