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Loan Modification

: Loan Modification & Home Loan News

Mortgage Servicing Profits May Derail the Obama Loan Modification Program

By Moe Bedard

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April 21 (Bloomberg) — Mortgage servicers may have to take a pay cut to participate in President Barack Obama?s programs to modify home loans and advance the sale of properties in default. Starting this month, the Treasury Department is paying companies that collect mortgage payments and examine pleas for assistance a $1,500 stipend for approving the [...]

Full post as published by Loan Modification & Home Loan News on April 21, 2010 (boomark / email).

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