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Real Estate & Property Law

: The Home Equity Theft Reporter

Mortgage Servicer Encouragement To Default On House Payments To Qualify For Workout A Common Complaint From Homeowners Seeking Loan Modifications

By r morris

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In Washington, D.C., McClatchy Newspapers reports:Nearly three years into the deepest U.S. housing slump in generations, lenders are modifying only a small number of problem mortgages, and rising foreclosures are restraining the economy's recovery. The Obama administration has stepped up pressure on lenders and their mortgage servicers, who act as bill collectors on behalf of investors who own

Full post as published by The Home Equity Theft Reporter on August 18, 2009 (boomark / email).

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