Once again, the debt restructure first requires a default rears its ugly head. It’s a SCAM! Forcing people to default before they can be “helped” may be a federal hobbs act violation, using taxpayer money under the color of right. There is nothing right about forcing people to default just so they can apply for HAMP, let alone actually get it!I just wrote an article about the fraud and deceit that has go on for over a decade in the home mortgage industry on my Swarm the Banks blog. http://swarmthebanks.blogspot.com/2011/11/why-did-pension-fund-managers-invest.html
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