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Lack Of Staff And Training Led To Needless Foreclosures

Lack Of Staff And Training Led To Needless Foreclosures

Approximately 840,000 debt-burdened homeowners who could have been helped by the federal government’s Home Affordable Modification Program will fall through the cracks largely due to a lack of proper staffing and training at some of the financial institutions, according to a recent study.

Foreclosure Numbers Offer Mixed Messages

U.S. foreclosure activity in July sent mixed signals with overall filings declining for the twenty-second straight month while new foreclosure actions posted year-to-date increases for the third consecutive month.

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