Totalling Reasons for DENIED Loan Modifications

The following were reasons for loan modification denial at the desk of Litton Loan Servicing secret loss mitigation tally sheet:

1. income too low
3. income too high
5. no job
7. bankruptcy pending
9. high income
11. vacated the proeperty
13. covenant violation on mortgage
15. borrower calld too often
17. couldn't reach borrower
19. income too low
21. no job
23. borrower friend of Angelo
25. borrower not friend of Angelo

At this point it remains unknown if the reasons for denial of loan modification are able to be rebutted or if they are final reasons. Interestingly, the reasons for loan mod denial at Litton Loan are varied and this is only a sample of reasons. We will investigate this on a future post about reasons for denial of loan modification by examing the loan mods that were in fact approed at Litton Loan Servicing.