Wells Fargo pays employee incentives for mortgage workouts…
Wells Fargo ($30.96 0%) installed an incentive program that pays its single-point-of-contact employees more if they reach some sort of workout in lieu of foreclosure.
Mortgage servicers must install single points of contact for borrowers on the verge of foreclosure, based on federal regulator consent orders signed in 2011, new Home Affordable Modification Program guidelines and the servicing standards set as part of the attorneys general settlement in February.
For more information click here.
Lydia Puller is a Realtor, real estate short sale specialist (CDPE), Marin county resident and outdoors enthusiast. This blog has information on hiking and biking trails, local restaurants, the best dog parks, farmer's markets and Marin county real estate news!----Subscribe either to our "Market Trends Newsletter" where we provide a fresh perspective on the real estate market OR subscribe to our "Investor Property Listing Alert" where we find you the best deals on the market before anyone else does with our exclusive short sale and bank owned property search feature!
For more information contact info@realestteofmaringcounty.com or at (415) 755-1111.
