Industry NewsMortgage

Goal for loan mods, refis ‘within reach’

Loan servicers detail 'Home Affordable' efforts
Published on Jul 17, 2009

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by CareyBot

The Obama administration's goal of helping up to 9 million homeowners refinance their mortgages or obtain loan modifications "is well within reach," according to a Wells Fargo executive in charge of the bank's loan servicing division.

Wells Fargo refinanced about 750,000 mortgages in the first half of the year, and provided 200,000 trial and completed loan modifications -- nearly double the same period a year ago, said Mary Coffin, executive vice president of Wells Fargo Home Mortgage Servicing.

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