Significats de modify loans en anglès

Mortgage servicers collect payments from borrowers and help modify loans when borrowers fall behind.

Servicers are not required to modify loans, consumer advocates and housing counselors say, rendering the program ineffective.

It also said none of the problems resulted in inaccurate foreclosures or improper denials of requests to modify loans.

The program, which offers incentives for lenders to modify loans, was launched to great fanfare in the spring of 2009.

Mortgage servicers, including banks and non-bank firms, collect monthly payments, modify loans for people who struggle to make payments and process foreclosures.

If servicers moved more quickly to modify loans or foreclose on delinquent borrowers, it could help the two firms to minimize losses.

Under the FDIC proposal, the government would seek to encourage lenders to modify loans by offering to share the cost of any defaults.

The bulk of the taxpayer funds has been set aside for the government's main housing rescue program, which aims to permanently modify loans.

Many others are canceled as banks redouble efforts to modify loans, conduct a short sale or if they find problems with documentation, he added.

Banks would be required to document a variety of services they provide, including efforts to provide affordable housing and modify loans for struggling borrowers.

According to data from the Treasury's Home Affordable Modification program, OneWest extended over 101,000 offers to modify loans to help reduce monthly payments.

Programs aimed at modifying loans to keep people in their homes have had limited success.

By modifying loans, lenders also expect to reduce losses from selling foreclosed real estate in a sour market.

E*Trade said U.S. economic "uncertainty" made it unclear how its recently- modified loans will perform in the months ahead.

Lenders will be pressed on whether the paperwork problems are further evidence that modifying loans is a better alternative to eviction.

He said the insurer was pleased by the judge's exception for modified loans but disagreed with the other aspects of the ruling.