Professor Kurt Eggert was quoted in article in the Wall Street Journal entitled, “Proposal Is Heavy on Incentives to Modify Loans: Challenges Include Dealing With Mortgages Sold to Investors and Borrowers Who Owe Lenders More Than Homes Are Worth.” In the piece, Professor Eggert stated, “This is the first real significant step to try to push servicers to modify loans rather than just cheerleading….The securitization has split the interest in the home loan among so many different parties that it is difficult for servicers to make a modification without fear that some significant party may sue or do something else that hurts the servicers.” Read article…