Cracking Down on Mortgage Collectors

businessman shouting through megaphoneThe foreclosure pandemic wreaks havoc on America’s communities and families every day.

The administration has responded with incentives to loan servicers — the companies that collect mortgage payments and initiate foreclosures — to rework loans. But servicers have proven extremely reluctant to modify loans, even when doing so would be in the best interests of investors and homeowners.

Read more from the Washington Post

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