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NCLC Reports: Mortgage Servicers Profit From Foreclosure
Updated 3 months ago
Source: http://www.allmandandlee.com/
According to an article in Reuters, the National Consumer Law Center (NCLC) just released a report finding that mortgage servicers have favored foreclosure over loan modification because it’s cheaper and even more profitable to the servicer.
The article said:
“Loan modifications inevitably cost the servicer something. A servicer deciding between a foreclosure and a loan modification faces [...]
Related posts:Mortgage Servicers Abusing Homeowners Facing Foreclosure?Facing ...
- 8 comments on this story
Showing 7 relevant reactions out of 8.
Jake Decker 3 months, 1 week ago on Wordpress
I have been saying it all along. Mortgage companies can make just as much money foreclosing on a property as they would if the loan were paid timely each month until the date of maturity.
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3 months, 1 week ago on Intensedebate
I have been saying it all along. Mortgage companies can make just as much money foreclosing on a property as they would if the loan were paid timely each month until the date of maturity.
Reply
4ClosureHoncho 3 months, 1 week ago on Twitter
NCLC Reports: Mortgage Servicers Profit From Foreclosure | Reed's ... http://bit.ly/1HNYul
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aubreykipp 3 months, 1 week ago on Twitter
on Foreclosure: NCLC Reports: Mortgage Servicers Profit From Foreclosure | Reed's ... http://bit.ly/nJPg
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wealthbuilder62 3 months, 1 week ago on Twitter
NCLC Reports: Mortgage Servicers Profit From Foreclosure | Reed's ... http://bit.ly/1DV3jZ
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John Truman 3 months, 1 week ago on Twitter
NCLC Reports: Mortgage Servicers Profit From Foreclosure | Reed's ... http://bit.ly/Ad6GF
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ForeclosureEdge 3 months, 1 week ago on Twitter
NCLC Reports: Mortgage Servicers Profit From Foreclosure | Reed's ... http://bit.ly/Ad6GF
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