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Real Estate & Property Law

: The Home Equity Theft Reporter

Mortgage Servicing "Scoundrels" Among Six To Receive Up To $9.9B In Incentive Payments To Rework Troubled Home Loans

By r morris

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The Associated Press reports:The Obama administration on Wednesday named the first six companies participating in a $75 billion program designed to help millions of struggling homeowners avoid foreclosure. The administration said the companies - including some of the mortgage industry's biggest players - will receive a maximum of $9.9 billion in incentive payments, which are designed to encourage

Full post as published by The Home Equity Theft Reporter on April 16, 2009 (boomark / email).

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