Relevant:
- Refinancing For 30-Year Fixed Rate Mortgage Below 5%; More Helpful Than Home Loan Mortgage Modification?
- Here's a Simple, Market-Based Plan to Fight Foreclosures
- fha borrowers eligible for making home affordable program
- TARP Oversight Panel Say Obama Mortgage Program Ineffective
- GSEs, Lenders Rally behind Modification Plan
2009-12-22 — blogspot.com
One of the reasons the Obama administration's Making Home Affordable mortgage modification program has not worked as well as hoped is because of uncooperative second-mortgage lenders. Both first- and second-mortgage lenders must sign off before a customer can get a loan modification.
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