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Loan Modification

: Loan Modification & Home Loan News

Cancellations rise in mortgage rescue program

By Moe Bedard

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In a report on the Home Affordable Modification Program, the Treasury said cancellations of trial modifications spiked to 277,640 in April from 155,173 in March as servicers moved to purge a backlog of borrowers who could not meet documentation guidelines or stay current on their reduced monthly payments. Borrowers achieving permanent modifications in April, meanwhile, rose [...]

Full post as published by Loan Modification & Home Loan News on May 27, 2010 (boomark / email).

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