What Is an Accountable Plan?
Howard Hubler was hit harder than others during the US financial crisis: at Morgan Stanley, he lost $ 9 million on subprime loans. Today, Hubble may be speeding up his recovery. His company, Lending Value Group (LVG), has launched a project that significantly reduces the probability of foreclosure.
Responsible Homeowner Incentive Program
Right!
- Chinese name
- Responsible Homeowner Rewards
- Foreign name
- Responsible Homeowner Reward
- People
- Howard Hubler
- the company
- Credit Value Group
- Howard Hubler was hit harder than others during the US financial crisis: at Morgan Stanley, he lost $ 9 million on subprime loans. Today, Hubble may be speeding up his recovery. His company, Lending Value Group (LVG), has launched a project that significantly reduces the probability of foreclosure.
- Howard Hubler was hit harder than others during the U.S. financial crisis: in
According to the Responsible Homeowner Reward (RHR) project, which has been patented by the Credit Value Group, the bank promises that those borrowers who continue to pay on time will repay the bank loan once they sell their home , They will receive a certain amount of reward-about 10% of their initial loan amount. This incentive system will automatically lapse if there is more than one repayment on time. Although there are currently only 5,000 people joining the program, the lender of value said that the default rate of borrowers participating in the RHR program is less than 10%, while the default rate of borrowers who have not joined the program is more than 20%. Hubble said he believes the plan will help stabilize real estate in the United States. [1]