Thursday, July 9, 2009
The Good, the Gad and the Ugly: Which Lenders are Saying "Yes" to Loan Mods
I just received this info from Marlon, who works with me in my loan mod business. While I can't verify 100% of what he learned, I thought I'd pass it along to you nonetheless.
Marlon attended a conference call with my "back office" processor who gave her impressions of how "loan mod-friendly" each of the following lenders are:
The "Good" Banks Who are Easy to Deal With:
Citi
WaMu
Chase
Aurora
Select Portfolio
The "Bad" Banks Who are Difficult, Not Impossible:
Bank of America
Wells Fargo
Litton
Indymac
The "Ugly" They'll make you work and your chances are much slimmer than the previous category:
Countrywide
Wachovia
Ocwen
Home Eq
HSBC
Again, I can't vouch for this info, and, like everything else in the loan mod business, any of this could change at the drop of a hat.
But I thought it was good info to pass along!
Have a good day!
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