Category: Housing

Servicers Get Deserved Hit for Bungling Loan Modifications

Posted by: Mara Der Hovanesian on July 29

The Home Affordable Modification Program that is designed to get homeowners out of their troubled mortgages is moving at a snail’s pace—and the servicers’ strategies are riddled with conflicts….

Option ARM Loan Modification Outlook Dismal

Posted by: Mara Der Hovanesian on July 27

Those nasty pick-a-pay mortgages, the ones that allowed borrowers to pay less than interest thereby adding to principal balances every month, continue to be among the most worrisome mortgages still…