NEW YORK (CNNMoney) -- Three top mortgage servicers are doing such a bad job at foreclosure prevention that the Obama administration will stop paying them for modifying delinquent loans.
The Treasury Department announced on Thursday that it will withhold incentive payments to Bank of America (BAC, Fortune 500), J.P. Morgan Chase (JPM, Fortune 500) and Wells Fargo (WFC, Fortune 500) until they substantially improve their performance in the federal Home Affordable Modification Program, known as HAMP.
La administracion del Presidente Obama detendra los pagos que hacia a los bancos Bank of America, Chase y Wells Fargo hasta que mejoren sustancialmente el apoyo que supuestamente estan brindando a los duenos de casa mediante los programas HAMP (Programa de Modificacion Accesible). Esta decision se debe al mal desempeno que han tenido para prevenir mas reposesiones de casas..
No comments:
Post a Comment