LMHC

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Administrator 1st report card out and it doesnt look good Quote Select Post

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Here are some quick numbers to show not enough is being done yet:



2,705,302 homeowners 60+ days late



406,542 were offered a 3 month trial offer... thats only 15%



235,247 homeowners started the 3 month trial.....thats only 9%



Top US Banks and the percentage of loan modification trial offers they sent out compared to homeowners that were 60+ days late



1. B of A 13%

2. Chase 30%

3. Wells 12%

4. Citi 21%



Well in my opinion I think they got an " F ", lets see what next months report card brings.











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On August 4th the Treasury Department released a breakdown of who is doing loan modifications thruogh the Making Home Affordable program and well it doesnt look good. Yes the numbers have gone up a little over the last couple months but it looks as if the Lenders are still lagging in getting these modifications done. Open the attachment below it is the report card directly from the Treasury Dept. and see the numbers of all the Lenders that are participating.Here are some quick numbers to show not enough is being done yet:2,705,302 homeowners 60+ days late406,542 were offered a 3 month trial offer... thats only 15%235,247 homeowners started the 3 month trial.....thats only 9%Top US Banks and the percentage of loan modification trial offers they sent out compared to homeowners that were 60+ days late1. B of A 13%2. Chase 30%3. Wells 12%4. Citi 21%Well in my opinion I think they got an " F ", lets see what next months report card brings.