Hope for modification of home loans?

Saturday, August 1st, 2009 Bank Hope, Uncategorized by seidel.phyllis

Ocwen Sees Value in ‘Prudent’ Modifications.. “We do this via a complicated, proprietary process involving technology and financial models.”

FHA Pairs Modification Efforts with HAMP.. The program calls for a three-month trial period during which borrowers will be expected to make payments of the amount of the future modification. Only once the borrower remains current on all payments under the trial period, the mortgage can be considered for modification.