I got a different take from the article. To me the article just points out that these loan mods are nothing more then a snare net for current homeowners. It will serve no purpose other then the further enslave salaries of these homeowners. They will not maintain the homes as much as perhaps maintain payments. Similarly this will serve an additional purpose of distorting comp analysis because no appraiser, no reseller, nobody will no which homes have been subject to modifications and which have not.