Interesting Article about Loan Modifications In Today’s Environment

[sdgal]

I apologize if this has already been posted. Article today on CNN:

Subprime: Big talk, little help
Lawmakers are talking the talk, but mortgage lenders are having a hard time walking the walk when it comes to helping at-risk borrowers.

http://money.cnn.com/2007/09/26/real_estate/few_loan_modifications/index.htm?postversion=2007092617

[cashflow]

Interesting article…those people delinquant on their loans with Litton as the servicer should feel like they just won the lotto…unbelievable that they keep the original rate.

[Author]

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