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fdic loan modification guide

Waters Backs Bair and Turns Up the Loan Modification Heat in Washington

by Moe Bedard

“And so here we are and we don’t have any systematic way to help homeowners to modify these loans,” Rep. Maxine Waters (D-Calif.) said. “I’m not even going to cooperate with you anymore,” Waters said, turning to Chairman Barney Frank (D-Mass.) whose tireless efforts she praised.

“I just want you to know as much as [...]

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FDIC Loan Modification Program | Loan Mod in a Box

by Moe Bedard

After months of sitting on the sidelines, hoping that private lenders would take advantage of government programs such as HOPE for Home Owners and the FHA Secure, the Federal Deposit Insurance Corporation (FDIC) and Sheila Bair are leading the home saving charge in Washington.

This week the FDIC has put forth a model loan modification plan [...]

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