Monument Properties AZ

The Obama Administration in late March was requiring banks to consider lowering balances in loan modifications. Who doesn't seem to be listening? Looks like Freddie Mac and Fannie Mae backed loans are not following Obama's request. If they change their tune and start lower balances...can this mean a reduction in the amount of foreclosures ...

Here's an interesting link to an article that talks about President Obama's Rescue Plan and banks' progress reports on loan modifiations. We still have a long way to go before this problem gets more results.  Read more here...