Loan mod portals a win-win for real estate

Treasury's 'SPOC' requirement not entirely logical?

By Inman News Feed
Add Comment Add Comment | Comments: 0 | Posted Dec. 5, 2011

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The government's decision to require a human SPOC rather than a systems SPOC is difficult to understand. A systems SPOC would solve both the communications problem and the accountability problem. The human SPOC is costing an enormous amount to provide little more than PR window-dressing for regulators.

The writer is professor of finance emeritus at the Wharton School of the University of Pennsylvania. Comments and questions can be left at www.mtgprofessor.com.

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