Comments on: Mortgage Modifications Falling Short

By: suze 100

suze 100 — Thu, 03 Sep 2009 20:19:17 +0000

If loan modifications are falling short then the government and banks who caused this problem need to amend it and offer more for the poor people who are suffering at the moment through no fault of their own.

By: Heather Mortgage Modification

Heather Mortgage Modification — Mon, 17 Aug 2009 20:44:10 +0000

I also feel like there is a lot of red tape invloved in having the lenders help the homeowners. It should be a lot easier to help people who need to be helped than pull them through the ringer as stated in the above case. I know government has the thing in mind but the economy plays a factor in this too. My father lost our house we grew up in because his biggest client went bankrupt which bankrupted his company and his own personal life. Thanks for putting this information up, it seems like these programs are more of a bandaid.

By: willliam S Thomas

willliam S Thomas — Wed, 24 Jun 2009 20:24:30 +0000

refinancing —I refinanced my home in February. We were doing okay, but wanted a lower payment. I started on the loan in Nov, and it was final in Feb, at great cost to me…And we are still paying. How can I pay this. It was supposed to be finalized before Christmas, and they would tell me at the last minuted that I had to make a payment, thet the office was closed to January. One day after another. Can you help me get out of the jam, a true forebearance for two months would help. I’d like to get this toad out of the mortgage business also. how can I get the 2mos of payments back so I can get my payments on track again. This is their fault, not mine. I live in Texas

By: Mike

Mike — Wed, 27 May 2009 22:11:38 +0000

Did you read the study? It found that loans with significant principal reductions DID NOT perform better than those that did not see principal reductions.

By: Jay jay

Jay jay — Wed, 27 May 2009 14:26:59 +0000

Instead of going to extraordinary measures to keep defaulting mortgage owners in houses, the should be speeding the process by which new owners are able to buy these houses.