Comments on: Job Creation, Not Loan Mods, Should Be Next Step

By: loan modification

loan modification — Tue, 20 Jan 2009 00:43:17 +0000

he simple fact is that people without jobs and savings are going to have a difficult time making payments on their house, regardless of the amount they owe on their monthly statement. – what can we do with this? it's life.

By: Loan modification success reported by OCWEN, others not so confident

Loan modification success reported by OCWEN, others not so confident — Fri, 12 Dec 2008 01:42:44 +0000

[...] Chris Hynes on an earlier Blown Mortgage post on loan modifications: A new study shows that 53% of borrowers who received modified terms on their mortgages have [...]

By: dek

dek — Thu, 11 Dec 2008 13:50:28 +0000

I agree. Those mods were done by the banks collection departments, and I doubt they had the long term well being of the borrower in mind

By: dek

dek — Thu, 11 Dec 2008 13:50:28 +0000

I agree. Those mods were done by the banks collection departments, and I doubt they had the long term well being of the borrower in mind

By: blyons2141

blyons2141 — Thu, 11 Dec 2008 05:07:30 +0000

weren't most of the 50% Loan Mod FAILURES from MODS that were given that were just forbearance, workout, or temporary deals not long term modifications?

By: blyons2141

blyons2141 — Thu, 11 Dec 2008 05:07:30 +0000

weren't most of the 50% Loan Mod FAILURES from MODS that were given that were just forbearance, workout, or temporary deals not long term modifications?