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MR sent this analysis and opinion of Saxon Mortgage and trial modifications: “Saxon Mortgage servicing Deutsche Bank loans – They do not want to make the modifications. And why would they? The government has provided a way for them to disguise their “Help” by providing money to these servicers to enter people [...]
A recent report by the Congressional Oversight Panel, which is monitoring the government’s Troubled Assets Relief Program, found that only about 1 percent of borrowers had moved from a trial modification into a permanent one.
“In our judgment, servicers, to date, have not done a good enough job of bringing people a permanent modification solution,” [...]
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