[quote=UCGal]It would kind of suck for them if they played by the rules for 2.5 years and still had the bank yank the cord.[/quote]

Wasn’t that the plan all along ? To me, the loan-mod push always seemed to be just a way to put off the inevitable.

Post-HAMP default rate was 50% or something like that at one point, for example.

“Keep them in their home” is a euphamism for “suck as much money out of them as possible before throwing them out.”