Regulators have sent a message to lending institutions, to not allow the fact that there is a 2nd lien on a property influence the loan modification process. Read full article here
Posts Tagged: Loan Modifications
Bloomberg reports that Bank of America and Wells Fargo ranked among the worst for loan modifications. Read the full article here.
Barney Frank has stated that the legislative branch is greatly disappointed with the initial results of Obama’s Making Home Affordable Plan. If the lending industry doesn’t increase successful loan modifications, bankruptcy legislation will return. read article here