Page 6 - Loan Modification Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Don't lose our homes. >> we have more work to do so we're trying to expand the loan modification program to reach more people. >> millions of homeowners like logan are underwater in their properties. a new nationwide survey shows first quarter home prices declined 3%. the sharpest drop since 2008. the housing and urban development secretary says so far the administration helped grant nearly 4 million loan modifications for struggling homeowners but admits it remains fragile. >> there are encouraging signs and there are also signs of caution. we have accelerating job growth. that should help th...

a re-sounding success. watch or dvr inside the mission, getting bin laden tonight, 8:00 eastern time. topping our news at this hour, louisiana's morganza spillway is opening. it's expecting to begin burdening the waters away from new orleans and baton rouge. while many homes will be protected, the homes and farms of 2500 people will be expected to be flooded. >> an arrest warrant may be issued for moammar gadhafi. an international close to the courts cells cnn to expect a formal announcement on monday. it's the first time the icc has investigated alleged crimes against humanity. ...

Is there ever any consideration of the human carnage? >> not servicing industry? no, i don't think so. >> reporter: caroline heron helped design and implement the government's loan modification program as a consultant at fannie mae, helping the treasury department run the program. she says there was pressure to get homeowners into trial modifications. why was there such a rush to get people in to these trial modifications? >> because of the program supposed to help up to 4 million people and they needed to make progress. >> reporter: so it was about the numbers? >> it was about the numbers. >>...

Today, hundreds of desperate homeowners line up for a chance to get their mortgages modified. >> this is my last hope, yes, of keeping my home. >> reporter: last year tirra was full of hope after she got a trial modification under the government's loan modification program, making home affordable, reducing her monthly payments. but after many months, she was denied a permanent modification. instead, the bank moved toward foreclosure. she was stunned to learn that the bank had counted all her reduced payment under the government program as underpayments, making her loan delinquent. >> everyone ...

Representatives are getting hundreds of call from people in the same situation you are in. can i trust this person, can i not trust this person? try to establish trust. >> how do you do that? how many times have we heard people, they're in trouble. they reach out to their lender and get the runaround. we learned this week that only one home is saved out of ten that certainly are lost to foreclosure. that can't be comforting for the person trying vigilantly to save their home. what do we learn from that piece of news and how do we move forward if you're in trouble with your mortgage? >> one of ...