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: Loan Modification & Home Loan News

Review of foreclosure paperwork process finds ?widespread? and ?inexcusable? breakdowns, Treasury official says

By Moe Bedard

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An ongoing review by government regulators of foreclosure paperwork problems has found “widespread and, in our judgment, inexcusable breakdowns” in the process for seizing homes of delinquent borrowers, a top Treasury Department official said Tuesday. “These problems must be fixed,” said Michael Barr, assistant secretary for financial institutions. But the sweeping review of the foreclosure [...]

Full post as published by Loan Modification & Home Loan News on November 24, 2010 (boomark / email).

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