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Servicers complete 768,000 loan mods in 2013

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Mortgage Professional America | 17 Feb 2014, 04:59 AM Agree 0
Mortgage servicers delivered mortgage modifications to around 768,000 homeowners last year, new data indicates
  • Wm Matz | | 17 Feb 2014, 02:31 PM Agree 0
    Especially given that most of the mods are proprietary, these numbers give no clue as to the level of relief provided borrowers. Some borrowers are offered "mods" that lower payments by only $50 or in some cases even raise them.
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