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Only about 4% get long-term mortgage help

Started by Sunday
about 16 years ago
Posts: 1607
Member since: Sep 2009
Discussion about
Am I reading this right? 31,382 permanent modifications after all this time? That's the total number, not a monthly count?! Doesn't sound like these borrowers even want their loans to be modified considering what banks have to do: "The bank has launched a program to call borrowers 36 times, reach out by mail 15 times and make at least two home visits to retrieve the required forms." $75 billion being spent on DELAYING foreclosure!!! http://money.cnn.com/2009/12/10/news/economy/permanent_loan_modifications/index.htm
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