Down but not out, subprime mortgage brokers are reinventing themselves as 'loan fixers.' For...

|By:, SA News Editor

Down but not out, subprime mortgage brokers are reinventing themselves as 'loan fixers.' For fees of over $3,000 upfront, they'll do their best (sometimes) to help hapless homeowners renegotiate delinquent mortgages. One Chris Mozilo, nephew of Angelo R., is selling mortgage-mod software, and says he's proud of the 16 years he spent at Countrywide.