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Loan Modification

: Mortgage Lender Implode-o-Meter

Lender Tie To Borrower Aid

By Implode-Explode Heavy Industries

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"Of all the possible reasons why the government's loan modification program has been a dud, at least one has received scant attention: When borrowers are denied a loan mod and call a hotline to have their case reviewed, they are handed off to a nonprofit group created by a large mortgage servicer and largely funded by the industry."

Full post as published by Mortgage Lender Implode-o-Meter on December 20, 2010 (boomark / email).

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