MachiLaw.com Articles

Feds Push Mortgage Companies to Modify More Loans

Twenty-five mortgage company executives have pledged to the Obama administration to improve efforts to assist those in danger of foreclosure according to the Associated Press.
The Treasury Department reached a verbal agreement with the mortgage executives for a goal of 500,000 loan modifications by Nov. 1. Treasury Secretary, Timothy Geithner said this is an opportunity to accelerate the program and bring relief faster.