...Today's topic: The streamlined approach to modifications that the administration advocates has the potential to avert far more foreclosures than the case-by-case approach taken by many lenders. Yet it also ignores personal debt loads, which are a critical factor in determining a borrower's ability to repay. Is there a better way to speed the process so that more needless foreclosures can be averted without simply kicking the foreclosure can down the road a few months?...
