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Loan Modification

: Loan Modification & Home Loan News

Government may make changes to mortgage modification program

By Moe Bedard

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The U.S. Treasury is considering new guidelines to mortgage lenders that would give distressed borrowers more time to try to qualify for a federal program aimed at averting foreclosures. Under the proposals, loan-servicing companies, which collect payments and handle foreclosures, would have to give borrowers 30 days to respond after being denied a modification of their [...]

Full post as published by Loan Modification & Home Loan News on February 23, 2010 (boomark / email).

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