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Loan Modification

: Loan Modification & Home Loan News

The Homeowner HAMP Limbo Game

By Moe Bedard

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More than 700,000 homeowners are in three-month “temporary” trial loan modification plans, but mortgage servicers have managed to convert only 31,382 to permanent  modifications, according to the Treasury Department’s November report released today.    Given that the industry voluntarily modified, permanently, more than 100,000 mortgages per month just before HAMP was announced, these results are abysmal.  [...]

Full post as published by Loan Modification & Home Loan News on December 11, 2009 (boomark / email).

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