Bringing The Market Closer To An Eventual Equilibrium
It’s Friday desk clearing time for this blogger. “Ari and William Morel are homeowners and grandparents who hope to save their home from foreclosure after becoming victims of what they consider to be a predatory loan. The Morels, whose troubles began in 2006 when Will lost his job as a bank adjuster, were told that they could not force the bank to modify the loan under the Making Home Affordable Refinance and Modification program. The program gives struggling homeowners facing foreclosure and who have a loan owned or guaranteed by Freddie Mac or Fannie Mae the opportunity to …
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