Is it Time to Modify Modifications?

Merely one day after the Treasury declared that the country has achieved a “milestone” in its loan modification program (500,000 mods have been issued since its inception), the Federal panel in charge of overseeing the program says the issuance of loan mods have actually begun to slow down : Mortgage servicers actually signed up fewer homeowners in September than they did in Augustâ€"100,216 last month, down from 133,192 the month before. That was even below the 110,397 signed up in July.

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