The Center for Responsible Lending: New loan modification numbers

Fri, Jul 31, 2009

Financial Crisis, News

The blue line represents homeowners who've avoided foreclosure by receiving loan modifications. (Source: Center for Responsible Lending)

The blue line represents homeowners who've avoided foreclosure by receiving loan modifications. (Source: Center for Responsible Lending)

We found this chart on NPR’s Planet Money site.  The graph, recently released by

The Center for Responsible Lending, shows the huge disconnect between homeowners who are struggling to make their mortgage payments and homeowners who successfully receive loan modifications.  You can also see the considerable rise since 2007 in homeowners who are struggling to avoid foreclosure and keep their homes. 

 

The loan modification process can often be difficult to navigate.  Contact a HUD-certified housing counselor to seek help.  To find one, call United Way’s 2-1-1 referral service at (800) 427-4626.

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