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Loan Modification

: Loan Modification & Home Loan News

States, mortgage lenders in talks over fund for borrowers in foreclosure mess

By Moe Bedard

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State attorneys general and the country’s biggest lenders are negotiating to create a nationwide fund to compensate borrowers who can prove they lost their home in an improper foreclosure, state and industry officials said. The fund would present a solution for both sides, helping banks avoid lengthy and costly court challenges from homeowners and aiding [...]

Full post as published by Loan Modification & Home Loan News on November 17, 2010 (boomark / email).

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