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Loan Modification

: Loan Modification & Home Loan News

More on the Mortgage Mess

By Moe Bedard

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Here is the background. The big banks ? Bank of America, JPMorgan Chase, Citibank, Wells Fargo ? service most of the nation?s home mortgages for investors who own the loans. They are paid a fee by the investors and also make money from fees on delinquent loans. Servicers are obligated to manage the loans in [...]

Full post as published by Loan Modification & Home Loan News on November 01, 2010 (boomark / email).

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