Regulators Want More Info on Loan Modifications
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.
Mortgage Modification - Loan Modification - Big Bank Moratorium
JPMorgan Chase & Co said its moratorium will last through March 6, which it believes is enough time for the Treasury to announce a new mortgage modification plan.
With
20+ years in the mortgage loan
and real estate industries, we
have zero doubt our 
