Loan Modification

Some articles on loan modification, loan, loans, loan modifications:

Subprime Mortgage Crisis Solutions Debate - Homeowner Assistance - Arguments For Systematic Refinancing
... Critics have argued that the case-by-case loan modification method is ineffective, with too few homeowners assisted relative to the number of foreclosures and with nearly 40% of those assisted homeowners again ... from 11 states, reported in April 2008 that loan servicers could not keep up with the rising number of foreclosures ... Nearly two-thirds of loan workouts require more than six weeks to complete under the current "case-by-case" method of review ...
Subprime Mortgage Crisis - Responses - Homeowner Assistance
... refinancing, loan modification or loss mitigation) ... shaky credit, or 7.7% of 7.1 million subprime loans outstanding as of September 2007 ... Critics have argued that the case-by-case loan modification method is ineffective, with too few homeowners assisted relative to the number of foreclosures and with nearly 40% of ...
Loan Modification In The United States
... Loan modification is the systematic alteration of mortgage loan agreements ... Loan modifications have practiced in the United States since the 1930s ... During the Great Depression, loan modification programs took place at the state level in an effort to reduce levels of loan foreclosures ...

Famous quotes containing the word loan:

    Slight was the thing I bought,
    Small was the debt I thought,
    Poor was the loan at best—
    God! but the interest!
    Paul Laurence Dunbar (1872–1906)