As promised earlier today, the debate continues over lenders performance with borrowers to avoid foreclosure. The California Reinvestment Coalition, a group of consumer advocates and nonprofit groups, just released this third version of "The Continuing Chasm Between Words and Deeds."
It alleges that for all the public relations efforts of lenders to tout their willingness to work with struggling borrowers to head off foreclosures, the end result in most cases is foreclosure.
This report names names. There are names of lenders considered the hardest to work with, the ones that do least to modify loans and those that allegedly lose the most faxes. It also names those that try their hardest and do better than others.
It alleges that for all the public relations efforts of lenders to tout their willingness to work with struggling borrowers to head off foreclosures, the end result in most cases is foreclosure.
This report names names. There are names of lenders considered the hardest to work with, the ones that do least to modify loans and those that allegedly lose the most faxes. It also names those that try their hardest and do better than others.
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