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Loan Modification

: Loan Modification & Home Loan News

Homeowners need backup when mortgage servicers goof

By Moe Bedard

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The Norris family story suggests those changes do not go far enough. Servicers make mistakes. Borrowers fall through administrative cracks that shouldn’t exist. Homeowners who lose their homes due to errors by loan servicers have no remedy. Fortunately, California state Sens. Mark Leno and Darrell Steinberg have a modest and common-sense proposal to address this problem. [...]

Full post as published by Loan Modification & Home Loan News on April 06, 2010 (boomark / email).

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