Under the Obama administration’s Home Affordable Modification Program, the Treasury Department offered lenders up to $75 billion to help them defray the cost of reducing borrowers’ monthly payments to 31% of their incomes. It also enticed loan servicers with $1,000 for each loan modification, plus another $1,000 for each restructured home loan that is still performing after 3 years.
FOX Video on Loan Modification for Preventing Foreclosures
Read the complete Loan Modification Article > Loan Modification Facts for the Foreclosure Crisis

0 Responses
Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.