Northern California Mortgage Mods

Posts on ‘August 5th, 2009’

Loan modifications scarce & scattered

Nearly 3 million homeowners are eligible for the government sponsored loan modifications;  only 400,000 received a loan modification offer over the life of the  government program.
In the meantime, 1.5 million homeowners got a foreclosure notice in the first half of this year.
Lenders at the top of the list for percentage of eligible loans modified include [...]