Pressure on Servicers to Improve Loan Modification Performance Remains as TARP Extension is Eyed
September 25, 2009
The head of the Treasury’s Troubled Asset Relief Program told lawmakers this week that more scrutiny and greater pressure will be forthcoming on mortgage servicers to ramp up their loan modification efforts, after lawmakers repeatedly gave voice to the continuing frustration their constituents are expressing as they struggle to stay in their homes. “In many cases, we have servicers telling...