New Data: See the Mortgage Mod Logjam for Each Servicer
by Paul Kiel, ProPublica - February 18, 2010 1:41 pm EDT
The logjam of people stuck in trial modifications continues. Data released by the Treasury Department on Wednesday shows that … more…
The Secret Test That Ensures Lenders Win on Loan Mods
by Alexandra Andrews and Emily Witt, ProPublica - September 15, 2009 2:18 pm EDT
“NPV Test: Failed.”
That was the red-lettered verdict on the computer screen of a CitiMortgage negotiator in June. The result: … more…
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