I just found this piece dated

[bearishgurl]

I just found this piece dated today, but it appears to be targeting same or similar group as above who may not have even applied for a mod yet:

http://www.fhfa.gov/Media/PublicAffairs/PublicAffairsDocuments/Principal-Reduction-Modification-Fact-Sheet.pdf

Again, I’m going to go thru the particulars.

I would guess that the vast majority of homeowners who are currently in the situations described in the link above may have purchased their homes since 2009 (when lending standards were actually in place) and their entire reason for being in default (or nearly so) is due to recent unemployment.