Sentence examples for modification companies from inspiring English sources

"You had a lot of these modification companies that were subprime guys," he said.

Last week, the commission brought lawsuits against four more loan modification companies, advancing an enforcement campaign involving 23 states.

Mr. Gumbinger said the rise of loan modification companies might prove short-lived once the housing market turns around.

He also announced plans to investigate 14 other loan modification companies that his office received about 50 complaints about.

He announced plans to sue American Modification Agency, or AmeriMod, one of the state's largest loan modification companies.

He said the inquiry follows complaints from homeowners across New York that loan modification companies did not fulfill promises, and often left customers deeper in debt.

The New York attorney general, Andrew M. Cuomo, plans to sue a loan modification company and has subpoenaed information from 14 similar companies as part of a nationwide investigation.

In Aliso Viejo, Calif., the Citywide Mortgage Corporation, which previously brokered Alt-A and subprime loans, last year became a loan modification company, USMAC.

Gregory Hebner, the president of the MOS Group, a California loan modification company that works closely with service companies, likened it to transforming McDonald's into a gourmet eatery.

Yet the dangers assailing Mr. Soussana's clients have yielded fresh business for him: Late last year, he and his team — ensconced in the same office where they used to broker mortgages — began working for a loan modification company.

Two days in Los Angeles — where a loan modification company allowed a reporter to listen as its agents contacted mortgage servicers provided the firm not be named — starkly illustrated the problems.