Loan Modifications To Pick Up?

That is what is being reported and not to be a pessimist but I know I won’t believe it until I see it.  Especially when this article is posted the same day the article about banks preferring foreclosures came out.

“Loan servicers will “significantly” increase the pace of mortgage modifications under the Obama foreclosure prevention program, the Treasury Department said Tuesday.”

http://money.cnn.com/2009/07/28/news/economy/Obama_loan_modification/index.htm?section=money_realestate