Industry News

More loan servicers agree to put foreclosures on hold

Project Lifeline provides 30 day breather for loan mods
Published on Feb 19, 2008

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by CareyBot

Loan servicers and lenders who handle about nine out of 10 subprime loans have agreed to participate in an initiative to help delinquent borrowers by putting foreclosure proceedings on hold for up to 30 days to evaluate alternatives. The Project ...