Archive for October, 2009

Foreclousures are more profitable than Loan Modification, per a new report

Wednesday, October 21st, 2009

Mortgage companies are more likely to foreclose on homeowners than modify their loans because they make more money off foreclosures, argues a new report by a consumer advocacy group. While homeowners, lenders and investors typically lose money on a foreclosure, mortgage servicers do not, says report author Diane E. Thompson, of counsel at the National […]