About For the first time, EquiDebt Solutions can offer a mortgage modification plan that meets the needs of both homeowners and lenders. For homeowners, it can reduce the principal amount of the mortgage, thus substantially lowering monthly payments, and for lenders it can offer a conforming mortgage with affordable payments plus a stand-alone equity sharing agreement that provides the opportunity for additional recovery.
What do we know right now? We know that fewer than 8% of seriously delinguent borrowers have received a concessionary modification of their mortgage loan (Federal Reserve Bank of Boston, Public Policy Discussion Paper, No. 09-4) Courtesy of the FDIC we learn that over 50% of b