Tag Archives: Permanent

There are now more than 650,000 trial loan modification help in process under the Obama Home Affordability program. The program had a slow start, but has now caught on. New reports that have come in state thet relatively few applicants have been shifted to a permanent plan, despite successfully completing their three-month trial period.The application process has gained momentum with another 150,000 trial loan modification applications registered in October, 2009. Individuals seeking home loan modification have been on the rise since summer this year. The Obama federal loan modification plan worth $75 billion was projected to help around 4 million homeowners facing foreclosure. With roughly 80,000 homeowners underway with the trial loan modifications, the administration is confident to reach