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Loan Modification

: The Truth About Mortgage.com

Report: Loan Servicer Safe Harbor Will Foster Shoddy Loan Mods

By scot184

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Legislation aimed at providing a so-called ?safe harbor? for loan servicers will actually lead to more abuse and shoddy loan modifications, according to a report from Amherst Securities Group. The bill is intended to give loan servicers, including big banks like Bank of America and Citi, breathing room to modify loans more easily without having to [...]

Full post as published by The Truth About Mortgage.com on April 29, 2009 (boomark / email).

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