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December 14, 2007
Wolters Kluwer Financial Services to Help Mortgage Servicers Implement Loan Modification Programs
Wolters Kluwer Financial Services announced today the company can now help mortgage servicers modify distressed subprime borrowers' adjustable rate mortgages (ARMs) to make payments more affordable and avoid costly foreclosures.
Wolters Kluwer Financial Services helps servicers make such modifications rapidly through a standard yet customizable set of documents and packages that enable servicers to freeze the interest rate of their borrowers' existing ARMs for a specified period or modify those ARMs to fixed-rate or interest-only fixed-rate loans.
Posted by S. Germain at December 14, 2007 08:21 AM