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Loan Modification

: Loan Modification & Home Loan News

US Mortgage Foreclosures Taking Up to 8+ Months to Process

By Evan Bedard

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The foreclosure process in the US is slowing, enabling delinquent borrowers to stay in their homes for months after they stop making mortgage payments, according to one of the largest lenders. Freddie Mac, one of the two government-owned entities that finance about half all US mortgages, says that homes are taking as long as eight [...]

Full post as published by Loan Modification & Home Loan News on October 25, 2010 (boomark / email).

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