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Loan Modification

: Mortgage Lender Implode-o-Meter

Logjam Continues for Loan Mods; Big Banks Fare Poorly, Data Show

By Implode-Explode Heavy Industries

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" The Treasury unveiled (PDF) new data last Friday showing the progress of its major foreclosure prevention program. Treasury officials touted the new data as evidence that pressure on mortgage servicers to improve performance was working, but the numbers continue to show real problems. And though there is a wide disparity in performance among the participating servicers, the four largest all continue to lag."

Full post as published by Mortgage Lender Implode-o-Meter on January 19, 2010 (boomark / email).

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