Sentence examples for modifying the mortgages from inspiring English sources

For instance, they are now putting a greater effort into modifying the mortgages of hard-pressed borrowers.

By James Surowiecki Last week, when the Obama Administration sat down in Washington with the country's biggest mortgage servicers, it was sending a clear message: it's time for banks to be more aggressive in modifying the mortgages of troubled borrowers.

Last week, when the Obama Administration sat down in Washington with the country's biggest mortgage servicers, it was sending a clear message: it's time for banks to be more aggressive in modifying the mortgages of troubled borrowers.

The low number reported by the federal bank regulators -- less than 0.1percentt -- calls into question the administration's entire approach to modifying the mortgages of distressed borrowers suffering from negative equity, a stagnating economy, and near-10near-10percentloyment.

So a lender can forgive a second mortgage — which in the event of foreclosure would be worthless anyway — and under the settlement claim credits for "modifying" the mortgage, while at the same time it or another bank forecloses on the first loan.

Such cases are particularly senseless, because simply modifying the mortgage by reducing the monthly payment might be in the interest not only of the homeowner, but also of the investor who owns the mortgage.

The initiative gives lenders incentives to modify the mortgages of the three million to four million homeowners on the brink of foreclosure or who cannot make their monthly payments.

First, he should demand that America's big banks modify the mortgages of homeowners still struggling in the wake of Wall Street's housing bubble.

WASHINGTON — The Obama administration is trying to come up with a standardized approach for using taxpayer money to modify the mortgages of people in danger of losing their homes, officials said on Thursday.

This is clearly a one time event, precipitated by an admitted catastrophic regulatory failure that permitted the issuance of outrageously risky mortgages.The only way to pull our great country out of this mortgage morass is to modify the mortgages of struggling Americans into long-term fixed-rate loans with affordable monthly payments.

OneWest had agreed to participate in a federal program to modify the mortgages of borrowers so that they would not lose their homes.