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 [...]

Senator Durbin has been attempting to get a bill entitled “Helping Families Save the Homes” passed. The bill has been introduced in the last few sessions of congress but has never been able to get passed. Now with the economy in jeopardy and many families facing loosing their homes, the bill has gained [...]