Feds To Lean On Loan Servicers With "SWAT Teams" In Attempt To Get More Mortgage Modifications
- 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.
See also:
- The New York Times: Treasury Presses Banks for Mortgage Relief,
- Bloomberg: Lenders Face Sanctions for Failed Loan Modifications.
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