Gov’t Attempt to Push Transparency for Mortgage Mods Falls Short

For months, housing advocates have complained that mortgage servicers are wrongfully denying homeowners’ applications for the administration’s $50 billion mortgage modification program.

This month, the U.S. Treasury Department took a step to address those concerns: For the first time, it issued guidelines requiring mortgage servicers to give homeowners details about why they’ve been denied. Read more about mortgage servicers

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