Anyone who follows this blog knows that I'm a big Loan Modification proponent. I feel (for many reasons) that loan mods serve both the lender and the borrower, and in many instances the community at large.
Please check out the link below:
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=BW&date=20100312&id=11243155
It's a copy written article from Business Wire and MSN Money. Wells Fargo Bank has surpassed 500,000 loan mods for it's customers. I think that's great.
I like the bank's that are taking a pro-active approach to helping their customers through these tough economic times.
This may not be a policy that puts money in realtors pockets, but I'm convinces that it is right for business and the times.
I wonder what Chase's statistic are.
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