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Loan Modification

: Mortgage Lender Implode-o-Meter

Govt?s Loan Mod Program Crippled by Lax Oversight and Deference to Banks

By Implode-Explode Heavy Industries

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"With millions of homeowners still struggling to stay in their homes, the Obama administration?s $75 billion foreclosure prevention program has been weakened, perhaps fatally, by lax oversight and a posture of cooperation?rather than enforcement?with the nation?s biggest banks. Those banks, Bank of America, Wells Fargo, JPMorgan Chase, and Citibank, service the majority of mortgages."

Full post as published by Mortgage Lender Implode-o-Meter on January 28, 2011 (boomark / email).

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