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Loan Modification
: Mortgage Lender Implode-o-MeterMBA wants FHA to revise penalties in foreclosure timeline
By Implode-Explode Heavy Industries
"The Mortgage Bankers Association wants the Federal Housing Administration to revise the penalty structure for mortgage servicers who fail to begin foreclosure proceedings by the federal deadline.
MBA officials want the FHA to implement a "more equitable" penalty for missing the deadline to make it more attractive to service FHA loans."
Full post as published by Mortgage Lender Implode-o-Meter on October 21, 2010 (boomark / email).
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