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Loan Modification

: Mortgage Lender Implode-o-Meter

The Bank?s Latest Tactic to Shut Down Loan Modification Firms

By Implode-Explode Heavy Industries

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"I got a call today from someone who is in the loan modification business In Arizona. He told me that if you?re a loan modification company, you will not be allowed to have a merchant account with Wells Fargo anymore. Even if you?ve had months of success, no charge-backs, or no complaints? your account will just be terminated because Wells Fargo has apparently decided it doesn?t like what you do for a living, And that will be that."

Full post as published by Mortgage Lender Implode-o-Meter on June 13, 2009 (boomark / email).

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