Political Quotes

Sheldon Whitehouse: “So the servicer might be looking at financial outcomes for the servicer that are better if the homeowner goes into…”

On the recordAugust 19, 2009
So the servicer might be looking at financial outcomes for the servicer that are better if the homeowner goes into foreclosure than they are if they continue to work with the homeowner and put them back onto a salvageable footing?
Said by
Sheldon Whitehouse
Democratic · Rhode Island

Editor's note · Context

Whitehouse questions servicers' incentives favoring foreclosure over homeowner assistance.

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