Participation in loan modification programs is not compulsory, and many banks are demonstrating resistance to the various programs. (totalmortgage.com)
The overall goal of this program is similar to that of other mortgage loan modification programs already in place; help homeowners stay in their homes by lowering their monthly mortgage payments. (totalmortgage.com)
There are many problems with the government's home loan modification programs, but at least the government has recognized the need to push mortgage lenders to offer relief. (studentloanborrowerassistance.org)