TITLE

Counseling Helps Borrowers and Servicers Save Millions on Loans

AUTHOR(S)
Nemeroff, Evan
PUB. DATE
February 2012
SOURCE
Mortgage Servicing News;Feb2012, Vol. 16 Issue 2, p13
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the importance of counseling services in helping servicers and borrowers save on loans. It states that when borrowers attend counseling services, they are more likely to avoid foreclosure by receiving loan modifications. It notes that borrowers are able to remain in their homes while servicers save millions of dollars on loans by not having to go through the foreclosure default process when participating in counseling services.
ACCESSION #
70497559

 

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