No Pain = No Gain for Hamp Fulfillment (Servicing‪)‬

Servicers continue to take a lot of heat for not promptly solving the ongoing valuation shrinkage across the land with faster modifications of mortgage terms that are to the liking of borrowers. Fairness, then, compels us to step back and consider what these industry professionals are really up against. Firmly situated in the middle of the mortgage transaction, between investors who want to be paid what the mortgage contract spells out and homeowner/borrowers who want (now expect) help--with government peering over their shoulders insisting on continued progress--servicers can feel like they don't a have a friend.