NCLC Reports: Mortgage Servicers Profit From Foreclosure

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 [...]

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