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Loan Modification

: Loan Modification & Home Loan News

Home loans in default drag on

By Moe Bedard

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(Source: USA TODAY By Julie Schmit) – The average U.S. borrower in the throes of foreclosure hasn’t made a mortgage payment in 17 months, up from nearly 11 months two years ago — and the time frame may get even longer. Banks and mortgage servicers, who collect payments for lenders, are taking more time to [...]

Full post as published by Loan Modification & Home Loan News on February 21, 2011 (boomark / email).

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