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ORLANDO, Fla. (WOFL FOX 35) – The Obama Administration is tightening the screws on loan services in response to thousands of complaints about denials and “trial loan mods” that are never converted to permanent modifications.
It could mean that the hundreds and thousands of you who’ve been denied loan modifications can finally get one, and the 650,000 people who are currently in a so-called “trial modification period” will be permanently modified.
But this is the second time the President has cracked down on the banks, and though it appears he’s coming down harder, we don’t know how or if this time it’ll actually work.
