It is sometimes impossible to modify a home loan or to obtain a lower interest rate from mortgage companies.
If a homeowner can show proof of working with the lender(s), tried modifying their loans at least twice, and occupied thier home for at least 3 years, a mandatory reduction in interest rate of 5% should be instituted.
Help homeowners keep their homes. Many mortgage companies deny modifications to homeowners due to one late payment.
Many homeowners would stay in their homes, given a real opportunity.
There are too many homes being boarded up and lost due to the poor practices of mortgage companies.
Also, create a website to track successful modifications and report mortgage companies that deviate from this standard.