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Loan Modification

: Loan Modification & Home Loan News

Rebate for staying current on ?underwater? mortgage

By Moe Bedard

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Many lenders have not even budged from their prepayment penalties — the practice of charging a significant fee if the borrower cashes out the loan (typically refinances or sells) within a specific period of time — even though other borrowers with inferior credit and poor payment histories have more attractive options. Now, a private company [...]

Full post as published by Loan Modification & Home Loan News on October 15, 2010 (boomark / email).

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