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Loan Modifications: Selling Loans Means Being Sold Down the River
Written on 25 Sep, 2013 at 17:24
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)
Tagged with: bank of america citibank diana olick double dip economic recovery economy Fannie Mae Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures HAMP jpmorgan chase loan modification loan modifications loans in default Making Home Affordable Plan mandelman mandelman matters martin andelman ml-implode mortgage crisis mortgage refinancing mortgage servicers NACA pennymac selling delinquent loans selling servicing rights TARP Treasury Secretary Tim Geithner trial modifications wells fargo bank
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