subject: The New Loan Modification for Foreclosures [print this page] This bill and system of providing loans and modifications would not only be beneficial to the borrower, it would also be beneficial to the lender. Although it would take more time and energy for the lender to work through the process, it would result in the borrower being able to continue to make payments, resulting in revenue for the lending company. This is one bill that is sure to help the foreclosure crisis in one way or another.
