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Home » Store » News » Administration Threatens to Withhold Servicer Payments, Expose Poor Loan Mod Performance

Administration Threatens to Withhold Servicer Payments, Expose Poor Loan Mod Performance

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The Obama administration is turning up the heat on mortgage servicers to generate greater loan modification success by threatening to withhold their incentive payments under the Home Affordable Modification Program and publicly expose those that are under-performing. On one front, Treasury is threatening to withhold and even claw back HAMP incentive payments made...
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