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Loan Modification

: Loan Modification & Home Loan News

Loan Modification Lawsuit Highlights Major Problems

By Moe Bedard

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Three New York residents filed a federal lawsuit Tuesday against units of J.P. Morgan Chase & Co., alleging that the bank misled them about their chances of getting long-term reductions in mortgage payments. The suit highlights one risk of the Obama administration’s effort to save millions of homeowners from foreclosure through loan modifications: The hope of receiving [...]

Full post as published by Loan Modification & Home Loan News on May 10, 2010 (boomark / email).

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