Filed under: Banks , Budgets , Credit , Real Estate , Recession How well is the government's loan modification working? WalletPop's four-part special report continues with profiles of some of those trying to get help. To read the overview, click here . Christine Attalla is among the lucky. The suburban Chicago homeowner not only got a temporary loan modification, but she's on track to convert it to a long-term adjustment before Christmas. She even calls herself lucky, although when she does there's a quiver in her voice. That's because in the process, her credit took a beating. For a solo entrepreneur -- Attalla, 38 and divorced, runs her own public relations company -- poor credit is a serious problem. It all began last spring, when Attalla realized the economic downturn was making it increasingly difficult for her to manage her $3,000-a-month payment on her Bolingbrook home. And she was pregnant, so she knew she'd have less earning power later in the year. Attalla heard from a friend about the modification program, applied in April through her lender, CitiMortgage, and waited. She was approved for a three-month trial reduction -- for June, July and August -- which cut her monthly payments in half. If she kept current, she said, she would qualify for a permanent modification that started with a 2% interest rate and tiered up after a decade. So far, so good.Continue reading Faces of loan modification: Christine Attalla, Bolingbrook, Ill. Faces of loan modification: Christine Attalla, Bolingbrook, Ill. originally appeared on WalletPop Blog on Sun, 15 Nov 2009 10:00:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments