Tag Archive | “U.S. Treasury Department”

500,000 Mortgage Loans Modified

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Earlier this week a press release has been issued by the U.S. Treasury Department saying that under the Making Homes Affordable Program 500,000 mortgage loans have been modified.

mortgage-bridge-loan

Mortgage loan modification goal

In July of 2009 the 500,000 mortgage loan modification goal was set and it was achieved ahead of the November 1, 2009 goal date.

Lower current mortgage rates

Lower current mortgage rates have also helped the process along by making it easier to modify home mortgage loans due to the reason that the monthly payment costs are lower along with the governments push to have mortgage loans modified.

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