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Lender Loan Modifications & Loan Workouts
17th February 2009
The Loan Modification Outlet interviews Jeff Morris, former Ditech executive about the market for loan modification agreements. Mortgage lenders continue to report that foreclosures rates are too fast for their mortgage relief teams to keep up with demand. Take advantageous of record low rates and modify your mortgage to save money every month.
Watch Mortgage Loan Modification Video for Lender Loan Workouts
LMO discusses the simple economics that mortgage lenders do not want to take homes anymore in foreclosure because the home values have declined so much. It makes financial sense for them to extend loan workouts with low rate loan modifications rather than seizing properties from home loan defaults.
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