Loan Mods Being Farmed out to India and Uruguay Call Processing Centers

According to a story today on the ABC/Channel 10 website for Sacramento, Californa, loan modification company HomeEq Servicing Company has been acquired by Ocwen. I do not know the details of the purchase.  Reports are that 924 employees of HomeEq have been laid off. There are additional reports that Ocwen plans to subcontract the loan modifications to call centers in India and Uruguay. I’ll stay on top of this story and let you know what I find out.