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Loan Modification

: Loan Modification & Home Loan News

New York Jumps Ahead of Feds With Law Holding Mortgage Companies Accountable on Mods

By Moe Bedard

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By Probulica - New York regulators have crafted new laws to give the state authority to punish mortgage servicers — something the Treasury Department, in administering its struggling mortgage modification program [1], has so far failed to do. The new rules set clear standards for how servicers must handle homeowners seeking a modification. “We will [...]

Full post as published by Loan Modification & Home Loan News on August 11, 2010 (boomark / email).

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