Comment on Obama administration pushes to make mortgage modifications permanent

Obama administration pushes to make mortgage modifications permanent

New guidelines follow complaints involving restructured mortgages meant to keep homeowners from foreclosure. Lenders and servicers could face sanctions if requirements are not met. The Obama administration today announced a renewed push to get lenders to convert hundreds of thousands of temporarily restructured mortgages into permanent ones to help keep struggling homeowners from falling into foreclosure.

 

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