Jan Tucker: With Wendy Greuel’s track record, I have no confidence whatsoever in her ability to make the right choices for administration and public policy in Los Angeles. I have the confidence in Eric Garcetti that something will get done
Paul Kiel: The largest servicers have lagged in approving homeowners for modifications. Together, those servicers account for more than 60 percent of the 3.4 million mortgages eligible for the program, but very few homeowners have been approved for lasting modifications. About 425,000 Chase customers are eligible for loan mods, according to the Treasury Department. Only a little more than 7,000 have received permanent modifications.