Loan Modification plan undergoes changes from Obama Administration

Tuesday, May 12th, 2009

In order to help homeowners avoid foreclosure through Loan Modifications, the Obama administration recently added two more elements to its homeowner assistance program, offering to help more borrowers and encouraging investors to offload more of their riskiest morgages onto the taxpayers. The original Making Home Affordable program that the Treasure Department ...

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Mortgage Modifications are sweeping Nation

Sunday, May 10th, 2009

An estimated 7-9 million homeowners are elegible for a mortgate modification. Also kn0wn as loan modifications, Obama's plan has set foot as Chase Bank modified 15,000 home loans last week. Bank of America began reaching out to at-risk borrowers in early April and has sent out 100,000 letters to borrowers who ...

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