blow the whistle
$show the love

Chase denied loan modifications for now-forbidden reason

Chase denied loan modifications for now-forbidden reason
February 6, 2010 --

Chase Home Finance has rejected some mortgage modifications because it considered the homeowners’ hardships to be temporary. The Treasury Department has since barred that practice, but those homeowners are left struggling to avoid foreclosure.

Homeowners: Banks not following rules for loan modifications

Homeowners: Banks not following rules for loan modifications
January 19, 2010 --

An examination shows how mortgage servicers have created unnecessary hurdles to getting loan-mods and have violated the government’s rules for the program. “There’s a real resistance on the servicers’ part to making permanent modifications,” said Diane Thompson of the National Consumer Law Center.