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Loan Modification

: Mortgage Lender Implode-o-Meter

Are Lenders Really Worried About Being Fair To Borrowers?

By Implode-Explode Heavy Industries

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"If lenders find it more economical to reduce principal and keep a current borrower rather than foreclosing however, I'm not opposed to it. What is annoying here though is having lenders pretend that they are taking this stance as some sort of champions of financial morality. Since when have banks been opposed to Americans consuming more than they could afford or worried about what is fair? "

Full post as published by Mortgage Lender Implode-o-Meter on April 14, 2010 (boomark / email).

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