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I am waiting on a loan trial modification thru BofA, they say it has pass thru underwriting and...

I am waiting on a loan trial modification thru BofA, they say it has pass thru underwriting and waiting now for the investors to approve/dissapprove. Is this true, what part does investors play in the trial modification process.
hollis asked this question 1 year ago

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    Accepted answer

    A report released recently by the Center for Responsible Lending (CRL) says even when taking into account borrowers who re-default and the fact that lower principal balances result in less money for investors, loan modifications are often more profitable to investors than foreclosures are.

    Investor play an important role in modification of loan, as they have interest/incentive between them.

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