Thursday, October 15, 2009

Obama Loan Modification - From 1 to 500,000 Mortgage Modifications

The Obama Loan Modification program known as the making home affordable plan has been a success! Mortgage Lenders finally got the hint from President Obama and his administration, They are now clearly headed in the right direction and offering Homeowner Hope to those in financial distress.

Large lending institutions such as Saxon, Bank of America, Wells Fargo, and many others have really cam through this last month or so and have done their part in America's collective effort to Make Home Affordable by restructuring Home Mortgage loans under the Obama specified guide lines. In fact the mortgage lenders have even one upped Obama by completing the goal of 500,000 loan modifications by November 1st. They completed this feat with ease and plenty of time to spare as of early this month on October 6th.