http://blog.foreclosurelawyersofamerica.com Mortgage Loan Work-Outs & Modifications Mon, 07 Jun 2010 22:15:28 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 http://blog.foreclosurelawyersofamerica.com/2009/07/21/loan-modification-expert-jeff-morris-says/ http://blog.foreclosurelawyersofamerica.com/2009/07/21/loan-modification-expert-jeff-morris-says/#comments Tue, 21 Jul 2009 10:39:15 +0000 admin http://blog.foreclosurelawyersofamerica.com/?p=34 According to Loan Modification Expert Jeff Morris, “Lenders are granting a very high percentage of loan modification requests.”  The Law firm that negotiates most of my loan workouts recently informed me that CITI, WAMU, Chase, BofA, Countrywide, and Indy Mac are extending high volumes of loan modification agreements to struggling homeowners that can demonstrate a hardship.  Borrowers must also document their income so their mortgage lender feels comfortable reducing the interest rate and in some cases lowering the principal mortgage balance as well. “

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