Archive for November 11th, 2009


Wed
11
Nov

Mortgage Companies Lower Expectations for Loan Modifications

At a conference of the Mortgage Bankers Association in October mortgage companies started to warn that the results of loan modifications in the Making Home Affordable Modification Program may not be as good as expected.  As of the end of September trial loan modifications had started on 500,000 loans.  These trial modifications last for 3 [...]