Good question, PS. The borrower (formerly known as “homeowner”) is already screwed, so his benefit is that he gets the illusion of keeping “his” house a little longer. The people selling this product get to pocket some nice fees, paid by the FB (“Frustrated Borrower”, hey, this is a family forum!). The lender/bank situation is not affected, they get to lose money anyways over a bad loan.
[/sarcasm off]
