http://dreamteamrw.com Realty World - Peninsula Mortgage Fri, 25 Jun 2010 02:33:37 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 http://dreamteamrw.com/2009/08/08/the-fed-speaks-out-on-loan-modifications/ http://dreamteamrw.com/2009/08/08/the-fed-speaks-out-on-loan-modifications/#comments Sat, 08 Aug 2009 22:59:23 +0000 Joe Perez /?p=24 This past Tuesday The Treasury Department stated only 9 percent of eligible home owners received assistance from the Government on mortgage loan modifications and foreclosure prevention. 
Two of the biggest bank giants not willing to help borrowers were Bank of America and Wells Fargo, which received federal bailout money. Bank of American modified 4 percent of eligible loans, while Wells Fargo only modified 6 percent.
Out of the larger banks that did assist with modifications were JPMorgan Chase & Co., which modified 20 percent, and Citigroup Inc. which modified 15 percent of eligible loans.

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