Regulators Want More Info on Loan Modifications

POSTED BY jerjer77 on Feb 14 under Loan Modification News

The OCC and OTS want to know why! Our understanding of how many and why loan modifications go bad is critical to banks’ efforts to modify loans and will help inform lenders and policymakers as to what kind of modifications work, with particular focus on the effect of significant changes in monthly payments,” Comptroller John Dugan said.

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