Professor Kurt Eggert was quoted  in an article entitled, “Mortgage Aid Targeted Most-Delinquent Borrowers First, Leaving Others Waiting.” The article details a survey that found mortgage servicers participating in the Obama administration’s foreclosure prevention program are concentrating on the most delinquent borrowers, largely ignoring eligible borrowers who have not yet gone into default. Eggert stated that “modifying millions of mortgages requires not only a massive effort to hire and train staff but also a ‘sea change’ in mindset for servicers, who have traditionally focused on collecting monthly payments and foreclosing when necessary.” Read more…