Servicers Continue Improving Modification Tactics, More Effective Mods to Come
January 7, 2010
Loan modification activity increased sharply in the third quarter of 2009, and the success, type and pace of industry-wide mod efforts are expected to increase into 2010, according to a new report released by two regulatory agencies. The Office of the Comptroller of the Currency and the Office of Thrift Supervision found that servicers implemented 680,153 new home...