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Loan Modification

: Loan Modification & Home Loan News

Mortgage Mayhem: Second Liens Become Sticking Point

By Moe Bedard

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As banks are getting down in the trenches to help borrowers take mortgage debt down a notch, second liens are increasingly becoming a first priority. Banks  have begun to make long-awaited progress in resolving distressed primary mortgages — even if it requires a principal cut, a short sale or an outright foreclosure. But non-primary loans [...]

Full post as published by Loan Modification & Home Loan News on August 20, 2010 (boomark / email).

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