CNN: Borrowers and housing counselors, however, have been complaining about the program since it began. Many say their servicers are not responsive — losing paperwork, not returning calls and never making decisions on applications. Some charge that servicers are violating the rules, such as denying modifications to those who are still current with payments.
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Watchdog criticizes Obama mortgage plan
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Pure window dressing, once again from the Barry O. foreclosure road show. My bank, JP Morgan is not even trying. I cannot even get them to fax a simple form to my attorney after repeated phone calls. I always get a different person who promises to do it, but it never happens. I think they would rather foreclose and just get whatever cash they can. Now that they have their bailout cushion, the cash from the foreclosure is the cream in the coffee.