Exact(2)
"We have begun sending trial plan offers based on the principal reduction program guidelines to customers who were already well along in the HAMP [Home Affordable Modification Program] or proprietary modification pipeline but now qualify for a settlement modification, so they will not be delayed further," said Richard Simon, a Bank of America spokesman.
To rule out a decrease in fidelity of this enzyme induced by the proprietary modification, we performed polymerase fidelity assays (Flaman et al, 1994).
Similar(58)
That is to say, proprietary modifications will not be allowed.
Aside from the borrowers directly helped by the modification program, Mr. Massad said, many others have been helped indirectly, as servicers used the government standards in proprietary modifications.
Copyleft licenses differ from other software licenses, such as Berkeley Software Distribution (BSD) ones, which also came into use in the late nineteen-eighties, and which impose no such restrictions on proprietary modifications.
This issue is further complicated because many machine tool builders also offer various proprietary modifications to the common standards.
So why do proprietary modifications re-default at a higher rate than HAMP modifications?
Are proprietary modifications less advantageous for homeowners, therefore making re-default more likely?
Readers, do you have any thoughts on why proprietary modifications are defaulting twice as often as HAMP modifications?
The administration says that HAMP deserves some credit for "proprietary" modifications that happen outside of the program.
Without knowing the reasons that servicers canceled HAMP modifications and the features of the proprietary modifications, it is difficult to know whether homeowners are being helped or hurt.
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