News and Press Releases
Banks slow to modify mortgages, Treasury reports
Tue, 18 Aug 2009 12:59 PM
Only 9% of eligible home loans have been changed under the Obama program. BofA and Wells Fargo, which participated even less, say the report doesn't reflect modifications made outside the plan.
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Lucrative Fees May Deter Efforts to Alter Loans
Tue, 18 Aug 2009 12:58 PM
This week, the Obama administration summoned mortgage company executives to Washington to demand they move faster to lower payments for homeowners sliding toward foreclosure. Treasury officials called on the companies to hire and train more people quickly to field applications for relief.
Tue, 18 Aug 2009 12:59 PM
Only 9% of eligible home loans have been changed under the Obama program. BofA and Wells Fargo, which participated even less, say the report doesn't reflect modifications made outside the plan.
Read the Full Story...
Lucrative Fees May Deter Efforts to Alter Loans
Tue, 18 Aug 2009 12:58 PM
This week, the Obama administration summoned mortgage company executives to Washington to demand they move faster to lower payments for homeowners sliding toward foreclosure. Treasury officials called on the companies to hire and train more people quickly to field applications for relief.
