Relevant:
- Those facing eviction outnumber those with loan mods by 12 to 1
- CFPB's Latest Proposal Draws Fire From Consumer Groups
- Anna Cuevas: The Blame Game: Treasury Department Blames Banks for Little Foreclosure Progress
- Amid Foreclosure Questions, Govt Loan Mod Program Continues Struggles
- Homeowners In GMAC Trial Home Loan Modification Decrease
2010-11-02 — bloomberg.com
"“Many homeowners end up facing foreclosure solely on the basis of the arrears accumulated during a trial modification,†said Julia Gordon, senior policy counsel at the Center for Responsible Lending, in Oct. 27 Congressional testimony. “One incomplete payment or one accounting mistake can land you on an apparently unstoppable conveyor belt to eviction.â€"
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