Sunday, June 22, 2014

Loan Mod Default: Loan modifications are not an entitlement, banks don’t want to make them one

Lenders and borrowers are stuck with each other. Lenders know everything about their borrowers, and most lenders believe their borrowers are capable to making their mortgage payments. Unfortunately, when they are severely underwater and paying more than a comparable rental, borrowers...
Loan modifications are not an entitlement, banks don’t want to make them one




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