Articles tagged with Loan Modification

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Have You Received Marketing Materials in the Mail Offering to Refinance Your Mortgage?

Have you received marketing materials in the mail offering to refinance your mortgage? ProPublica is interested in talking to you. … more…

Paul Kiel Talks About the Loan Modification Program

Out of a potential 3.4 million homeowners, only 169,000 have been approved for permanent loan modifications. We sat down with … more…

New Data Shows Loan Mod Logjam Continues; Servicers Must Double-check Denials

New data released Friday shows that the story for the government’s foreclosure prevention program remains the same: Mortgage … more…

Check Out Our New Loan Mod Page

Attention, bookmarks! We’ve collected all of our coverage of the government’s mortgage modification program into one place. You … more…

The Story So Far on the Gov’t Loan Mod Program

We’ve created a resource page on the government’s loan modification program that puts all of our reporting in one place. Take a … more…

And The World’s Longest Trial Mod Is…

Earlier this month, we asked our readers to tell us if they’d been stuck in a trial modification in the government’s foreclose … more…

Chase and Other Servicers Leave Many in Loan Mod Limbo; Treasury Threatens Penalties

About 97,000 homeowners in the government’s mortgage modification program have been stuck in a trial period for over six months. … more…

New Data: See the Mortgage Mod Logjam for Each Servicer

The logjam of people stuck in trial modifications continues. Data released by the Treasury Department on Wednesday shows that … more…

Help ProPublica Find the Homeowner Who’s Been in Loan-Mod Limbo the Longest

We at ProPublica have been reporting for nearly a year on the troubles of the government’s mortgage modification program. It’s … more…

Chase Denied Loan Mods for Now Forbidden Reason—Homeowners in Limbo

On the Saturday before Thanksgiving, Lesa Herron of Santa Rosa, Calif., opened a letter from Chase Home Finance (PDF). She’d been … more…

Logjam Continues for Loan Mods; Big Banks Fare Poorly, Data Show

The Treasury unveiled (PDF) new data last Friday showing the progress of its major foreclosure prevention program. Treasury … more…

Chart: Performance by Mortgage Servicers Through December 2009

Homeowners Say Banks Not Following Rules for Loan Modifications

Nathan Reynolds is something of an expert on the government’s foreclosure prevention program. A mortgage broker who’s worked in … more…

Loan Mod Program Delays Even Worse for Those Struggling Not to Fall Behind

Since last spring, when President Barack Obama announced his administration’s plan to prevent foreclosures, there’s been a crush … more…

Interactive Chart Shows Breakdown of Slow-Moving Loan Mod Program

Only 31,382 homeowners have been put into permanent mortgage modifications, according to data released Thursday by  the Treasury … more…

Homeowners Getting Blame for Lack of Loan Mods, but Evidence Points to Banks and Servicers, Too

Why has the administration’s $75 billion mortgage modification program shown such meager results so far? One answer has … more…

Treasury Still Vague on Penalties for Loan Mod Laggards

The administration’s big mortgage modification program features $50 billion worth of carrots – but the stick part has been … more…

Govt’s Attempt to Push Transparency for Mortgage Mods Falls Short

For months, housing advocates have complained that mortgage servicers are wrongfully denying homeowners’ applications for the … more…

The Big Gov’t Mortgage Mod Program: The Latest Numbers

The administration’s $75 billion mortgage modification program is meant to help 3 million to 4 million homeowners avoid … more…

Freddie Mac, Given Oversight of Mortgage Mod Program, Falls Down on Job

Since its March launch, the government’s $50 billion program to prevent foreclosures has been marked by confusion, delays and … more…