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Mortgage modifications fail to gain traction with large banks

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Large banks in America had always been resistant to change - especially change that doesn't result in an increase to the bank's bottom line (read, increasing of profits for executives and shareholders).

While doing my daily news search, I came across this little nugget of information courtesy of MSNBC, and decided to do a little digging - not only because of the topic of the story, but also because of my own experiences with one of the banks in question.

To read on is to understand why Americans are so entirely fed up with the way that financial institutions across the country are doing business to benefit only themselves, and the debtors be damned.

More below he fold.


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