For those home owners who were unable to make their way into the mortgage modification program offered by the government, getting your mortgage loan adjusted at this point may become more difficult.
According to the Treasury Department, new guidelines were set in place on June 1 that will require loan servicers to verify the income and financial hardships of applicants before placing them into trial modifications. This adjustment will make it tougher for homeowners to receive temporary relief from their unaffordable mortgage payments. (CNN Money)
