A new report from the National Consumer Law Center (NCLC) describes how little noticed incentives prompt banks to deny relief to homeowners, which is why have several recent programs designed to encourage loan modifications have  failed to slow America’s still-worsening home mortgage foreclosure crisis. 

The report found that banks have found it cheaper to foreclose on homeowners than to offer loan modifications that would benefit homeowners and investors and in some cases homeowners who might be able to stay in their homes under a loan modification plan are being moved right past that option and on to foreclosure. 

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