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But servicers just do not have the resources to dedicate to such efforts, and absolutely no incentive to do so. Hiring good loss mitigation representatives costs far more than these companies are willing to spend on a typical delinquent loan, and no amount of phone calls or government persuasion will convince them to give up their flat fee profits in exchange for helping homeowners.
After one year, your investment will have grown by 15% or $15.00, giving you a total of $115.00. The second year, you would receive 15% of $115.00 for a total of $17.25 which is then added to make a new total of $132.25. The process continues throughout the life of the investment.
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