Unconfirmed story from a – Piggington's Econo-Almanac

April 25, 2009 at 1:18 PM #387149

Participant

Unconfirmed story from a friend I play hockey with. His buddy bought a home in Poway 3 years back at 475k. GMAC just did a loan mod with him and gave him a 125k principal reduction in addition to a new fixed rate.

Again it is unconfirmed.