Ca entered into an agreement with the top 5 banks to give more loan mods in return for end robo signing investigations. The banks are:
1. Bank of America
5. Wells Fargo
The banks get financial credit for doing short sales and loan mods. In return they have agreed to set aside 25 billion to subsidize the program.
So are they complying?According to the watchdogs, they are doing more with short sales than loan mods. Is that because they make more credit with short sales?
What are your experiences with banks willingness to perform?