Obama administration pushes to make mortgage modifications permanent

**jasonthoele** · 12-01-2009, 11:18 AM

The Obama administration yesterday announced a renewed push to get mortgage companies to convert hundreds of thousands of temporarily restructured home loans into permanent ones by the end of the year to help keep struggling homeowners from falling into foreclosure.

http://www.latimes.com/business/la-f...,1687963.story

**markbrian** · 12-02-2009, 07:21 AM

While this is wonderful news for the homeowners that may be struggling right now, I wonder how the banks will respond? Even tighter lending standards for any future loans?

**PreviewOrangeCounty** · 12-03-2009, 07:44 PM

Yeah, interesting article. These loan modifications seem to be a tought task for the government and the banks with the high percentage of re- defaults going on. Anything will help limit the amount of foreclosures setting up to come on board.