Nov 11, 2009

USA Today: Trial mortgage modifications offered to nearly 1 million

According to the USA Today, Lenders in the government's Making Home Affordable program have extended mortgage modifications to more than 650,000 delinquent borrowers since April — a fifth of those eligible, the government reported Tuesday. For more details visit

The fundamental question that would need to be answered in our opinion from those opting for this type of modification - what got them to this point in the first place? The government would need to use this information for more structural reforms on the economy front (if that is where the problem is - and more likely than not, is). This modification program is just a band-aid for the problem. Wonder what others think? Please post your comments below.

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