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Loan Modification

: Loan Modification & Home Loan News

Long waits, denials plague efforts to modify mortgage

By Moe Bedard

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The federal government’s loan modification program, intended to help people save their homes by lowering payments, remains mired in long waits, denials of permanent modifications and shockingly large bills at the end of failed trial modifications. One homeowner owed more than $21,000 after his lender denied him a permanent modification, even though his income was the [...]

Full post as published by Loan Modification & Home Loan News on May 24, 2010 (boomark / email).

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