The media loan-modification program

by Moe Bedard · 0 comments

in Home Loan News

But I made a call to Select Portfolio Servicing anyway and left a message. A staffer called back, but only to ask what the questions were and to relay them to a higher-up.

Shortly after that, Nido’s attorney sent me an e-mail.

“I don’t know what you did but I’ve got an offer from SPS (Select Portfolio Servicing),” Parker wrote.

Because of a confidentiality agreement Parker couldn’t describe the terms of the modification, but she said they were good for Nido.

“It’s a modification she can afford,” Parker said. “It’s not going to be fluctuating, and it allows her to keep her home.”

All of which raises the question: Did Nido suddenly become a good borrower worthy of a modification simply because a reporter called?

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