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Loan Modification

: Loan Modification & Home Loan News

Why don?t banks modify more loans?

By Moe Bedard

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Three years into the mortgage crisis, lenders are still way, way behind in modifying mortgages. What gives, exactly? Here’s the data: Most — 60% — of homeowners who’re seriously late (60 days or more) on house payments haven’t heard a peep from their lender’s loss mitigation department. That’s from a report last month by the [...]

Full post as published by Loan Modification & Home Loan News on September 22, 2010 (boomark / email).

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