Reform Coming For Loan Servicing
The loan servicing business has long needed some regulation and it appears to be on the horizon.
2012 will likely be the year that federal government requires standardization of mortgage loan servicing policies.
Look for more loan modifications and perhaps even some principal reductions as these policies are implemented.
But, don’t expect simple, easy-to-understand, logical, sensible solutions.
After all, these changes will be mandated by the federal government.
Source: DSNews.com article
January 25th, 2012 Posted in Inside Real Estate
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