Laurie Goodman Testimony before HFSC – Has 2 Important Points

HAMP Must Address Second Liens, Congress Hears – By DIANA GOLOBAY – … Earlier at the hearing, Laurie Goodman, senior managing director at Amherst Securities, pointed toward the key role negative equity plays in predicting default behavior, saying HAMP’s failure to address negative equity meant it was destined to fail. Only principal reductions can make a lasting effect, Goodman said, but financial conflicts of interest keep servicers from reducing principal. … – HousingWire –    hattip Ira Artman
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MUST READ: Testimony of Laurie Goodman, SMD Amherst Securities before the House Financial Services Committee – Makes 2 points –   house.gov

Laurie Goodman Testimony 8 Dec 2009