Mortgage Lenders Still Falling Short

Four of the nations five largest mortgage companies have failed to comply with the terms of the $25 billion settlement over mortgage abuse they entered last year, according to an independent monitor assigned to the settlement. The recent review found that most common failure has to do with the requirement that the borrower be notified of information missing from their modification application. It also found that strict timelines set in place for approval of applications are not being met. Read More