Posts with tag MortgageServicers

Wait, aren't loan modifications supposed to provide financial relief? Yes – if you consider a teaser mortgage rate to be a bargain. A new report finds that seven in every ten borrowers who have received a change in their mortgage in order to forestall foreclosure actually now owe more in principal than they did... Continue Reading »

In Friday's New York Times, Floyd Norris writes what appears to be a puff piece for JP Morgan Chase, rather than a serious story about "Why Many Home Loan Modifications Fail." No doubt there are people out there having trouble meeting paperwork guidelines. Some people are also not making payments even after they get a... Continue Reading »