Gov’t Attempt to Push Transparency for Mortgage Mods Falls Short
November 23, 2009 by admin
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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