Compared to what? Part 3: Motivating modifications
[Continued from previous Part 1 and Part 2.]
In my ongoing exploration of Joseph R. Mason’s new article, Mortgage Loan Modification: Promises and Pitfalls, we’ve hit the curious fact that loan servicers affiliated with originators have incentives to keep up appearances.
In this, Professor Mason concludes ulterior motives:
One of the key reasons loan modification has grown has […]
