Home › Forums › Housing › Lender telling borrower to walk away from house? WTF? › If the Countrywide is just
If the Countrywide is just the servicer and not the lender, they get to bill a fat servicing fee the foreclosure work.
Servicing fees are now like the origination fees of yore.
The financial services industry lives on fees. They need to generate fees no matter what.
It’s just like Realtors telling buyers that foreclosures are “great opportunities.” Everyone is looking to make lemondade out of lemons.
