Posts Tagged ‘servicers’
Mortgage servicers make their money by screwing consumers and lenders
I was amused to read Mark Ireland’s post saying he came under fire by members of a panel on foreclosures at the recent Equal Justice Conference in Minneapolis for suggesting that mortgage loan servicers are not acting in the best interest of either consumers or lenders. I thought that was common knowledge.
Servicers make money from [...]
Why few seem to be able to work out better loan terms
Call it what you will, the borrower bailout/rescue/whatever does not seem to be working. Foreclosures are still on the rise along with defaults and sad stories. And while those numbers go up, the economy continues to worsen.
This is not doing the banks any good, either. Banks lose a ton of money every time they have [...]
