NeighborWorks CEO: Loan Modifications Critical to Solving ‘Foreclosure Crisis’ 

In an op-ed letter published by American Banker, NeighborWorks America CEO Kenneth Wade says that greater investor flexibility is needed to help lessen the impact of a second wave of coming foreclosures: Progress is being made, and even though the number of foreclosures will continue to rise — peaking in the middle of next year — most of the industry appears to be united in addressing the problem …