Professor Kurt Eggert was quoted in an article in St. Petersburg Times entitled, “Government’s hired mortgage servicers have checkered pasts.”  The article discusses how mortgage servicers are in the best position to rework loan terms under President Obama’s Home Affordable Modification Program but they face lawsuits for illegal practices. Eggert said, “There is no question that there have been significant abuses by servicers, and a big part of that is there’s no one who is carefully monitoring their work to make sure that they’re not taking advantage of borrowers.” Read more…