Servicers Respond to Geithner’s Call to Step Up HAMP Modification Efforts
July 16, 2009
Mortgage servicers defended their loan modification efforts following Treasury Secretary Tim Geithner’s urgent appeal last week for expanded modifications and additional resources in order to make President Obama’s initiative to help at-risk homeowners avoid foreclosure successful. Servicers said it is difficult to be on the roll only a month after... [Includes one chart]