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Loan Modification

: Loan Modification & Home Loan News

Inspector general calls mortgage modification program a ?failure?

By Moe Bedard

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(Source: USA TODAY By Gregory Korte) WASHINGTON — A mortgage modification program aimed at saving homeowners from foreclosure has failed because regulators are “afraid to rein in or impose penalties on the mortgage servicers” whose record “has been nothing short of abysmal,” the program’s watchdog told Congress Wednesday. As a result, some House Republicans moved [...]

Full post as published by Loan Modification & Home Loan News on January 27, 2011 (boomark / email).

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