The Real Deal Miami

Lenders go MIA

July 21, 2008 11:53AM

Many homeowners are not only having trouble paying their mortgages, they’re having trouble finding out who their lenders are, because mortgages are often sold to other lenders and investors. When trying to create a workout plan, homeowners usually encounter hard-to-reach loan servicers (the company that they send their monthly payments) and a tangle of lenders.