Again, for the most part banks earn much more money when you're in default. So, why bother trying to modify a loan earning less interest when you can simply earn more by keeping the borrower in limbo? We've seen multiple cases where borrowers are in trial mods for over 18 months! Why is that? I don't for one minute believe it takes any lender that long to make a decision. The whole process regarding loan modifications or the denial thereof depends on where the lender earns the most money. And in many cases more money is earned in late/bogus fees. It's that simple.