dcsimg

Dispute with HUD counseling service needs to end

by Peter G. Miller
August 16th, 2011

Every few months you read in the paper about a major mortgage modification clinic coming to town. In Washington, this meant that major meeting space was taken over in a downtown hotel, hundreds of counselors set up shop and the line of concerned borrowers hoping for help stretched out the door and waited patiently for their turn.

The group that operates such mass modifications is called the National Assistance Corporation of America or NACA. It must be doing a good job because it provides about 30 percent of the counseling services available to borrowers with money provided by HUD.

Or it did, until the money stopped.

Modification Day

The way the system works is that distressed borrowers are told to ar

  •  | 
  •  | 
  •  | 

 

This entry was posted on Tuesday, August 16th, 2011 at 4:39 pm and is filed under . You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Are you a Mortgage Lender specializing in FHA Loans? Join our mortgage directory today! Homeowners click here to appy for FHA Loans