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That's not to say there aren't real issues with how trial modifications are (or aren't) being converted into permanent ones. Housing counselors report that while loan servicers have made progress in certain areas - phone-wait times that used to run up to an hour now might last only 15 minutes - there are still major bottlenecks in getting the final sign-off for a permanent modification. And borrowers are not without fault. Some 375,000 homeowners should be eligible for permanent modifications by the end of the year, according to the Treasury Department, but some 20% of them...
...Treasury and Housing and Urban Development announced that they would no longer take kindly to mortgage firms that don't make modifications lasting. Teams of officials are headed to the nation's largest lenders for a closer look at what's going on, and starting in December public progress reports will include the number of loans being converted to permanent status - an attempt to shame the firms into quicker action. Monetary penalties could follow...
...literature, popular culture, and Latin American politics—into a structure that renders them at once inherently meaningless and infinitely meaningful. If the history of twentieth century literature is one of deepening disorder, a collapse of tradition in the wake of Walter Benjamin’s storm of progress, then “2666” is a novel with ambitions to exist at that storm’s center...
Although Henderson appeared to be making some progress to outsiders, he did not implement changes quickly enough to satisfy the Board’s desire for change...
Crimson coach Satinder Bajwa complimented the progress that the freshmen on the team have made...