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Loan Modification

: Loan Modification & Home Loan News

Service Culture Shock for Big U.S. Banks

By Moe Bedard

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Servicing mortgages used to be a dull but reliable business. Today, it is neither. The foreclosure debacle has thrown a public and regulatory spotlight on servicing?the collection and distribution of mortgage payments as well as foreclosure of delinquent borrowers. That is raising questions about how banks conduct the business and highlighting potential conflicts of interest. [...]

Full post as published by Loan Modification & Home Loan News on November 08, 2010 (boomark / email).

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