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

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Wells Fargo Modified Loan Payment By Only Two Dollars



A Wells Fargo customer was presented with a loan modification with a total savings of just two dollars off their monthly payment. The customer began the loan modification process back in 2009.  The customer was supposedly told by Wells Fargo that they needed to stop making their payment if they wanted to receive a loan modification.  The customer listened to the bank and because of not making his monthly mortgage payment he went into foreclosure.  The customer was eventually offered the loan modification, but it was only a savings of two dollars a month. Due to all the press this story is receiving, Wells Fargo will probably give the customer a better loan modification.