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Loan Modification
: Mortgage Lender Implode-o-MeterFTC Moves to Protect Homeowners With New MARS Rule ? Regulates Loan Modifications Nationwide
By Implode-Explode Heavy Industries
"Formally, it?s called Title 16 ? Code of Federal Regulations, Part 322, for Mortgage Assistance Relief Services. Informally, it?s called MARS. And for mortgage brokers engaged in helping homeowners obtain loan modifications, it?s pretty much the end of the line? nationwide.
Attorneys, however, are largely exempted from the new rule."
Full post as published by Mortgage Lender Implode-o-Meter on November 20, 2010 (boomark / email).
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