Nashua Telegraph (06/13/08); Lewis, Holden
Mortgage insurers are stepping up their efforts to prevent foreclosures, considering that they have to reimburse lenders if they lose money after a foreclosure or if the sides agree to sell the house for less than the loan balance. Some mortgage insurers are writing checks so borrowers can catch up on their payments, calling borrowers directly to work out payment plans and modifications and even placing employees in the loss-mitigation departments of lenders to expedite negotiations.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment