http://washingtonindependent.com/53184/the-lack-of-consequences-for-banks-that-fail-to-modify-loans National News in Context Sun, 04 Mar 2012 13:30:47 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://washingtonindependent.com/53184/the-lack-of-consequences-for-banks-that-fail-to-modify-loans/comment-page-1#comment-164105 forclosure consequences « Uncategorized « foreclosures web Mon, 21 Jun 2010 15:48:48 +0000 http://washingtonindependent.com/?p=53184#comment-164105 [...] 9.The Lack of Consequences for Banks That Fail to Modify Loans « The As any five-year-old knows, there isn’t much incentive to change your behavior if there aren’t any consequences for bad behavior. Servicers may get summoned to Washington for a public flogging about their lack of progress in modifying loans — but so what? http://washingtonindependent.com/53184/the-lack-of-consequences-for-banks-that-fail-to-modify-loans [...] [...] 9.The Lack of Consequences for Banks That Fail to Modify Loans « The As any five-year-old knows, there isn’t much incentive to change your behavior if there aren’t any consequences for bad behavior. Servicers may get summoned to Washington for a public flogging about their lack of progress in modifying loans — but so what? http://washingtonindependent.com/53184/the-lack-of-consequences-for-banks-that-fail-to-modify-loans [...]

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]]> http://washingtonindependent.com/53184/the-lack-of-consequences-for-banks-that-fail-to-modify-loans/comment-page-1#comment-55920 The Lack of Consequences for Banks That Fail to Modify Loans Thu, 30 Jul 2009 14:32:26 +0000 http://washingtonindependent.com/?p=53184#comment-55920 [...] Foreclosure, Favorable Terms, Guess, Loans, Money, Mortgages, New York Times, News Sources News Sources wrote an interesting post today onHere’s a quick excerptBecause servicers in the lending [...] [...] Foreclosure, Favorable Terms, Guess, Loans, Money, Mortgages, New York Times, News Sources News Sources wrote an interesting post today onHere’s a quick excerptBecause servicers in the lending [...]

]]> http://washingtonindependent.com/53184/the-lack-of-consequences-for-banks-that-fail-to-modify-loans/comment-page-1#comment-55909 The Lack of Consequences for Banks That Fail to Modify Loans Thu, 30 Jul 2009 14:06:30 +0000 http://washingtonindependent.com/?p=53184#comment-55909 [...] News Sources wrote an interesting post today onHere’s a quick excerptBecause servicers in the lending industry can make more money collecting delinquency fees on mortgages than by modifying loans, guess which road they are taking? The New York Times says today that the longer borrowers remain behind on their payments, the more money servicers collect, even after the home goes into foreclosure. That obviously gives servicers little incentive to rework loans on more favorable terms for borrowers facing foreclosure. “It frustrates me when I see the government l [...] [...] News Sources wrote an interesting post today onHere’s a quick excerptBecause servicers in the lending industry can make more money collecting delinquency fees on mortgages than by modifying loans, guess which road they are taking? The New York Times says today that the longer borrowers remain behind on their payments, the more money servicers collect, even after the home goes into foreclosure. That obviously gives servicers little incentive to rework loans on more favorable terms for borrowers facing foreclosure. “It frustrates me when I see the government l [...]

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