Relevant:
- Two Years, 17 Relationship Managers And 50 Pounds Of Paperwork For $300 Loan Mod
- Anna Cuevas: The Blame Game: Treasury Department Blames Banks for Little Foreclosure Progress
- When Denying Loan Mods, Loan Servicers Often Wrongly Blame Investors
- Mortgage-modification program has major flaws
- Changes Ahead for Mortgage Servicing
2013-01-21 — chicagotribune.com
If you think this involves nothing more than shoddy paperwork on homes lost by deadbeats, think again. Banking experts found that between 2009 and the end of 2012 mortgage servicers created 800,000 foreclosures that should have been avoided under just one loan modification program.
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