Obama Administration Pushes Servicers to Ramp Up Loan Mods; New Guidance May Spur More Activity
July 31, 2009
Mortgage servicers came out of a meeting with increasingly impatient Obama administration officials this week with a pledge to step up their loan modification efforts, but more detailed instructions from the government may prove to be a more important factor. After meeting with officials from the Treasury Department and other federal agencies, servicers participating in the...