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Loan Modification

: Mortgage Lender Implode-o-Meter

In Financial Regulation Bill, Increased Transparency for Loan Mod Program

By Implode-Explode Heavy Industries

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"Consumer advocates have long criticized the lack of transparency in the program and the loan modification process. That lack of transparency is particularly critical, they say, because the banks and other companies that service mortgages frequently make errors. As we?ve reported, in the worst cases those mistakes lead to foreclosure."

Full post as published by Mortgage Lender Implode-o-Meter on July 21, 2010 (boomark / email).

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