http://www.bloomberg.com/news/2010-10-29/mortgage-lenders-haven-t-gotten-what-s-due-them-ann-woolner.html
And the banks should have immunity from prosecution WHY?
A distressed U.S. homeowner with a temporarily modified mortgage made every payment on time for 13 months. That’s 10 months past the standard three-month trial period, but the servicer was predicting a permanent modification, so the homeowner kept paying.
Instead, a negotiator who never spoke to the borrower rejected the permanent adjustment so the sheriff’s department put the house up for sale, no explanation given.
Another borrower spent 11 months working out and paying a reduced mortgage on a trial basis, only to learn that the servicer decided not to grant him a permanent break after all. The reason cited could have been given in the first place: the value of the property was too low.
