Posts Tagged ‘loans in default’

Loan Modifications: Selling Loans Means Being Sold Down the River

Loan Modifications: Selling Loans Means Being Sold Down the River

Chase sold the woman’s loan to PennyMac. Simple as that. Had her modification already been made permanent, PennyMac would have had to honor the modified payment amount, but because she was only in a trial modification, Chase is... (Continue reading)

What Makes a Mortgage a Bad Loan? Im Confused.

What Makes a Mortgage a Bad Loan?  Im Confused.

Or do we only judge a loan to be “bad” after it defaults, and because it defaults? Assuming there are NOT predatory practices involved, is a loan “good” until it defaults and then it becomes “bad.” And is... (Continue reading)


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