From Bloomberg: Homeowners Get More Time for Home-Loan Modifications Mortgage servicers must give U.S. homeowners more time before kicking them out of the government’s loan-modification program … Servicers can’t cancel an active Home Affordable trial modification scheduled to expire before Jan. 31 for any reason other than property eligibility requirements, according to a posting today on a government Web site. … “The Treasury Department believes that this further guidance and associated requirements will provide more certainty and transparency regarding the final determination of eligibility for borrowers in trial modifications,” Meg Reilly, a department spokeswoman, said in an e-mailed statement. Extend and pretend. Fail and flail. Oh, and hide the press release – I couldn’t find it on Treasury.gov , financialstability.gov , or makinghomeaffordable.gov .

Read more here – As HAMP Fails, Treasury Flails