Re: NYtimes.com: Mortgage Re- Defaults Rising, No Sign of Slowing
December 22, 2008 at 13:01 PM EST
[Skip to the end] > > On Mon, Dec 22, 2008 at 12:29 PM, Bill wrote: > > The dominant reason loan modifications fail IMMEDIATELY is > because the borrower’s financial condition is far worse than > your records indicate. The most likely reason that’s true is > that your loan officers instructed the borrower to lie on the > original loan application so that the loan would be [...]