Wednesday, December 02, 2009

Feds To Lean On Loan Servicers With "SWAT Teams" In Attempt To Get More Mortgage Modifications

The Wall Street Journal reports:
  • The Treasury Department announced plans Monday to beef up its foreclosure-prevention effort by pressuring mortgage companies to complete more loan modifications. [...] The Treasury said Monday that it would send "SWAT teams" to the largest mortgage servicing companies and talk twice a day with mortgage executives to boost their success rates.

For more, see Some Borrowers Find Little Relief.

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