Remember how I’ve mentioned before that it’s hard to find the actual lender for these securitized loans because thousands of investors actually can own a mortgage on a property? The “lender” inspectors usually deal with is actually the trustee for the securitized note and not the real lender. For example, you may be dealing with Wells Fargo who is the trustee for Lehmann Brothers securitized note XXX. Wells Fargo is not the lender; it’s just taking care of the true investors’ interests in the note. Apparently this is why so many people are having trouble getting a loan modification. They’re running into the same problem. Here’s an interesting article that describes the problem:
http://www.huffingtonpost.com/propublica/analyzing-the-loan-modifi_b_253890.html