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Loan Modification

: Loan Modification & Home Loan News

Banks pay lip service to 2nd mortgages

By Moe Bedard

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JPMorgan this week became the latest in a trickle of big banks willing to modify second mortgages for some struggling U.S. borrowers. While it?s a baby step in the right direction, it won?t do much to fix America?s foreclosure woes. Second-lien loans, essentially top-up mortgages, look like a good place to start addressing the problem of [...]

Full post as published by Loan Modification & Home Loan News on March 25, 2010 (boomark / email).

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