Stacie Hartman

The Mortgage Blog of Stacie Hartman

Second Mortgages And The Threat Of Foreclosure

Laurie Goodman, senior managing director at Amherst Securities Group, says, because more than 50 percent of distressed borrowers have second mortgages, the government needs to come up with an operational second-lien modification program in order to avoid a spike in foreclosures.

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