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Loan Modification

: Loan Modification & Home Loan News

Mortgage Servicers Blast Administration?s Homeowner Aid Program

By Moe Bedard

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WASHINGTON (Dow Jones)–Mortgage servicers on Thursday told U.S. House lawmakers that consecutive changes to the U.S. Treasury Department’s foreclosure prevention program have made it increasingly difficult to keep distressed borrowers in their homes. Real-estate financial services consultant Edward Pinto described the Home Affordable Modification Program in two words: “numbing complexity.” “At last count, HAMP had [...]

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

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