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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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Homeowners Who Are Applying For Loan Modifications


Homeowners who are applying for loan modifications are losing their homes. The major banks are still making major mistakes with homeowner's mortgages.   The bank regulators are not really doing anything to help these innocent people.  This is becoming a big problem and there seems to be no resolution at this time. There is a nonprofit company named the California Reinvestment Coalition and they assist thousands of homeowners each month. They stated that 94% of the people they assist have lost their home while in the process of applying for a loan modification.