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Loan Modification

: Loan Modification & Home Loan News

Lenders avoid redoing loans, Fed concludes

By Moe Bedard

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Mortgage lenders don?t try to rework most home loans held by borrowers facing foreclosure because it would probably mean losing money, a study released yesterday by the Federal Reserve Bank of Boston concludes. The Boston Fed?s findings suggest the Obama administration?s major effort to solve the foreclosure crisis by giving the lending industry $75 billion to [...]

Full post as published by Loan Modification & Home Loan News on July 07, 2009 (boomark / email).

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