LOAN MODIFICATION DIFFERENT THAN LOAN RE-FINANCE
Posted by Marc McCain on May 2, 2009 , No comment
A recent article in the Phoenix Business Journal titled “Mortgage modifications elusive” wrote of the failure of the Government’s mortgage modification plan given the sharp decline in property values in certain cities such as Phoenix, Arizona. However, the article failed to distinguish between mortgage re-financings and mortgage modifications in the residential loan market, especially for [...]
Filed under : Current Events, Law