Under new requirements to help prevent foreclosures, banks and other mortgage lenders could face fines if they lag in converting temporary home loan modifications into permanent changes by year’s end. With rising foreclosures still threatening the economy, the Obama administration is trying to pump new life into its much-criticized program to lower payments for homeowners at risk of defaulting …

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Volunteers try to give neighbors a hand in modifying their mortgages Chicago Tribune A promise from the bank to fast-track trial mortgage-loan-modification applications was one outgrowth of that meeting. School principals, ministers, priests … and more »

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Examiner.com

Washington Mortgage Modification Policy to stabilize tax revenue Examiner.com More specifically, the newly announced Mortgage Modification Conversion Drive is the latest government attempt to both secure homeownership and housing … and more »

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Homeowners welcome new loan modification plan abc7news.com Crosley has spent the last year trying to get a loan modification to save her home of nearly 20 years. Crosley fell behind in her mortgage during a battle … and more »

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The Obama administration will spend the coming weeks cracking down on mortgage companies that aren’t doing enough to help at-risk borrowers.

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