In this brief article by Ruth Simon of the Wall Street Journal, she mentions some of the problems with mortage modifications is that the lenders are requiring the borrowers to be behind in payments to receive help. The Obama administration officials have summoned the executives of 25 servicing companies to Washington on Tuesday to discuss efforts. Please read the full article here http://online.wsj.com/article/SB124873920406585271.html
If you have questions about modifying your loan, contact Andrew Walsh or Marie Zubkoff to discuss your options and let us point you in the right direction and suggest some resources.
