tag:blogger.com,1999:blog-8790286038507185841.post8657168090671656826..comments2023-10-06T05:50:47.587-07:00Comments on Weitz Commercial Real Estate, Legal & Economics Blog: Mortgage Modification Effectiveness - Update on HAMPUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8790286038507185841.post-57900655996818294282010-12-31T13:38:46.630-08:002010-12-31T13:38:46.630-08:00"He adds that the lender has converted 29% of..."He adds that the lender has converted 29% of temporary modifications into permanently reduced payments as of September. Weitz - 29% seems outrageously low to me. Why let the trial payments begin in the first place?!"<br /><br /><br />One of the points I'd like to add is that that 29% number is misleading. A lot of the loans the are counted here are variable rate loans and loans with 'sub-prime' risk/characteristics, but not default.Unknownhttps://www.blogger.com/profile/13892786688266469276noreply@blogger.com