Why lenders nix loan mods

Why Lenders Nix Loan Mods - Politics, Business, Civil, History - Posted: 11th Jan, 2011 - 4:02pm

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Post Date: 11th Jan, 2011 - 4:02pm / Post ID: #

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Why lenders nix loan mods

Why lenders nix loan mods
Mortgage / Home Buyer News

Borrowers who can't make their mortgage payments may wonder why lenders are loathe to accept less in lieu of foreclosure. The reasons can be found in a recent Congressional oversight panel report about the Treasury's Home Affordable Modification Program, or HAMP. The report focuses on HAMP, but much of the information is equally applicable to non-HAMP loan
Source: Bankrate.com » Mortgages

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