mortgage servicers

As a quick addition to Mary’s thoughts on yesterday’s Treasury Department report confirming the reluctance of mortgage servicers to modify loans through the administration’s Making Home Affordable program, it’s worth noting that some of the poorest-performing banks are the same institutions that appeared before Congress just a few weeks ago with declarations that they were [...]

The House Financial Services Committee chairman applauds recent moves by Freddie Mac, Fannie Mae and banks to modify mortgages and keep borrowers in their homes. But companies that service loans aren’t doing enough, he says, and that needs to change.