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Loan Modification

: Loan Modification & Home Loan News

Potentially ?Thousands? Of Homeowners Improperly Denied Obama Mortgage Modifications, Administration Admits

By Moe Bedard

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Potentially “thousands” of troubled homeowners were denied opportunities to lower their monthly mortgage payments under the Obama administration’s signature foreclosure-prevention plan due to servicer errors and inadequate oversight by the Treasury Department, a government audit has found. Mortgage servicers failed to comply with basic guidelines, used different criteria to evaluate borrowers, recorded error rates up [...]

Full post as published by Loan Modification & Home Loan News on June 30, 2010 (boomark / email).

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