Sentence examples for modification program and from inspiring English sources

Losses on home mortgages, for example, now look as if they will be postponed for several months, in part because of the federal mortgage modification program and statewide efforts to temporarily halt foreclosures.

Yet programs like Hope for Homeowners program, the Home Affordable Modification Program and the Home Affordable Refinance Program all failed to achieve their goals of preventing owners from losing their homes, largely because of design flaws.

Dan B. Frahm, a spokesman for Bank of America, said that the bank was "committed to continually improving our processes to assist distressed homeowners" through the federal modification program and its own internal program.

She has also been a staunch advocate of a controversial federal loan modification program and a prominent voice on the need to rein in too-big-to-fail banks.

Using facts, figures and extensive interviews, Mr. Barofsky has questioned the effectiveness of the administration's loan modification program and the Treasury's initial refusal to require institutions that received taxpayer-financed bailouts to account for their use of TARP funds.

Surgical therapy is usually combined with dietary therapy and/or a behavior counselling/lifestyle modification program and, typically, is limited to people with class II obesity (BMI ≥35 kg/m2) and severe comorbidity or class III obesity (BMI ≥40 kg/m2).

Loan modification programs and other initiatives to reduce the burdens felt by homeowners are hardly moneymaking ventures for lenders.

But it does not end separate settlement talks with state attorneys general, who have been pressing the banks to expand their mortgage modification programs and to pay at least $20 billion in penalties.

WASHINGTON — The Senate on Wednesday approved a bill that would expand federal efforts to prevent mortgage foreclosures, shield mortgage service companies from lawsuits if they participate in federal loan modification programs, and give renters of foreclosed properties at least 90 days' notice before eviction.

"This difference may be attributable to differences in modification programs and the servicers' flexibility to modify loan terms to achieve greater affordability and sustainability," notes Monday's report.

Banks are pushing alternatives such as loan modification programs and short sales — in which a property is sold for less than the value of the mortgage — helping to reduce the number of people entering foreclosure.