As of 9/1/2009, only 1,711 permanent loan modifications

1.26% trial modifications made permanent
1 in 8 mortgages in default or foreclosure

foreclosure delayed, not avoided
10-12 million foreclosures predicted
50% mortgages will be underwater if problem not solved
Here is the Congressional Oversight Panel’s summary of their recent report on progress after six months:

Read those loan modification documents!  All the fine print, every page.  Take your time and make sure you understand exactly the terms of the modified loan.  Watch out for bad terms in the fine print.
Clients Joe and Mary were shocked to learn recently that the loan modification they had succeeded in getting was not the [...]

The Motley Fool says the currently-available home mortgage loan modification programs are “dangerously delaying the inevitable“.
‘This all loops back to a painful reality: The only way to climb out of the housing mess is to let prices find a true bottom,” according to The Fool. “Ultimately, that means those who bought homes they could never [...]

Three red flags signaling possible reverse mortgage fraud are 1) pressuring a homeowner to take out a reverse mortgage for financial products, a vacation or home repairs; 2) claims that a reverse mortgage is a government grant that does not have to be repaid; and 3) Claims that a borrower cannot outlive the reverse mortgage [...]

There is so much information out there about mortgage loan modification?  How can you find the truth about mortgage loan modification programs?
American’s consumer law experts, the National Consumer Law Center, have assembled the information about the various programs to help home loan borrowers in financial distress into one website.
The site includes a summary of programs, [...]

The entire U.S. House of Representatives is expected to take up H.R. 1106 (which now includes the provisions of HR 200) to allow for judicial modification of mortgages in chapter 13 bankruptcy this week, probably Thursday, February 27.  The bill became part of a package of financial services legislation on the floor of the House.  [...]

Mortgage Law Network Contributor David Leibowitz explains on Fox Business News today the help that will be available to stop home foreclosures in chapter 13 bankruptcy proceedings if the “Help for Homeowners Act” (S 61 and HR 200) is passed by Congress.  The legislation is part of the economic stimulus package backers want to pass [...]

Here is a list of more supporters of the concept for changing the existing law to remove the ban on judicial modification of primary home mortgages in chapter 13 bankruptcy to stem the tide of mortgage foreclosures:
AARP
American-Arab Anti-Discrimination Committee
American Association of People with Disabilities
American Association of University Women
American Federation of Labor [...]

Here is a list of some supporters of the concept for changing the existing law to remove the ban on judicial modification of primary home mortgages in chapter 13 bankruptcy to stem the tide of mortgage foreclosures:

Senator Dick Durbin, D-IL, who introduced S.61 Helping Families Save Their Homes in Bankruptcy Act of 2009, and Representative [...]

Here is a list of some supporters of the concept for changing the existing law to remove the ban on judicial modification of primary home mortgages in chapter 13 bankruptcy to stem the tide of mortgage foreclosures:

President-elect Barack Obama
Vice President-elect Joe Biden
Lawrence Summers, Chief Economic Advisor to President-elect Obama and former Secretary of the [...]