Friday, March 5, 2010

The Story So Far on the Gov’t Loan Mod Program

from Pro-Publica.
The administration’s foreclosure prevention program began operation last April.
We at ProPublica have been closely covering the problems that homeowners have encountered since the program’s launch. Delays and frustration [4] have been common: Homeowners and housing counselors frequently complain that servicers lose financial documents [5] and make mistakes [6]. Many struggling homeowners have waited several months [7] for an answer from their mortgage servicers.