Servicers Making Out
Posted on July 30, 2009
Filed Under Loans |
Why is the foreclosure/short-sale/loan mod process all mucked up? From the N.Y. Times: http://www.nytimes.com/2009/07/30/business/30services.html?_r=1 “For many subprime servicers, late fees alone constitute a significant fraction of their total income and profit,” said Diane E. Thompson, a lawyer for the National Consumer Law Center, in testimony to the Senate Banking Committee this month. “Servicers thus have an incentive to push homeowners into late payments and keep th
Source:Servicers Making Out
Comments
Leave a Reply
You must be logged in to post a comment.
