Banks Fail To Modify Mortgages - Homeowners tell how firms failed to redo home loans

By Kevin G. Hall
McClatchy Newspapers

Nearly three years into the deepest U.S. housing slump in generations, lenders are modifying only a small number of problem mortgages, and rising foreclosures are retraining the economy’s recovery.

The Obama administration has stepped up pressure on lenders [...]

The Obama Administration announced last April 28, 2009 new details to bring relief to homeowners under the Making Home Affordable program. Two new programs were unveiled. The first one is called the Second Lien Program which is designed to help homeowners achieve affordability. The Second program involves the integration of the FHA [...]

National Loan Auditors (NLA) has formed strategic alliances with two companies — Rapid Reporting and PLATINUMdata Solutions, Inc.– adding their cutting edge information technology solutions to US Court Audit™, the comprehensive, forensic analysis of mortgage loan files NLA has designed for participants in the bankruptcy process.
“Our alliances with these two innovative industry leaders add important [...]