"A cornerstone of the economic recovery plan that President Barack Obama is expected to unveil Monday will be modifying problem mortgages, The Post has learned.
In a nod to Main Street over Wall Street, sources familiar with the plan say Treasury Secretary Tim Geithner plans to allocate almost half of the remaining $350 billion in funds from the Trouble Asset Relief Program to the so-called "Mo Mod," or mortgage modification, platform."
My take: Doesn't this mean that all existing home mortgages are about to fall into the "troubled" category?
http://www.nypost.com/seven/02062009/business/home_loan_assist_153811.htm
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