American homeowners are in desperate need of mortgage loan modification to prevent what seems to be inevitable foreclosure on their homes. Sadly, most lenders are not moving rapidly enough to help borrowers that are late or going to be late on their mortgage payments.
Archives for Obama
Obama Loan Modification Program is Slow Moving
by Justin Bartlett in August 6th 2009
Category: Loan Modification, Obama, Treasury, mortgage loan modification Tags: HAMP, home affordable modification, JP Morgan Chase, Loan Modification, loan workout, loss mitigation attorney, Making Home Affordable, mortgaqe loan modification, Obama Loan Modification, obama mortgage modification, treasury, trial loan modification
No Mortgage Loan Modifications? Banks Time to Face the Music
by Justin Bartlett in July 28th 2009Finally, lenders are going to have to answer tough questions on not granting loan modifications to homeowners. After a month of being pressured by Treasury and HUD to grant more loan workouts, and still failing to help borrowers modify their mortgages, lenders are going to have to explain to President Obama why so little is [...]
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