Mortgage lenders don’t try to rework most home loans held by borrowers facing foreclosure because it would probably mean losing money, a study released yesterday by the Federal Reserve Bank of Boston concludes.
Archives for Government
Lenders Avoid Loan Modification
by Justin Bartlett in July 8th 2009
Category: Federal Reserve Bank, Government Tags: delinquent, Fed, Federal Reserve, foreclosure, Lenders, Loan Modification, mortgage, Obama, securities
Democrats Press Treasury to Use its Leverage to Help Struggling Homeowners
by Justin Bartlett in July 4th 2009Democrats sent a letter to U.S. Treasury Secretary Timothy Geithner urging him to develop and implement a strategy requiring banks and loan servicers participating in the Administration’s foreclosure prevention programs to effectively respond to qualified homeowners seeking assistance.
Category: Government, Treasury Tags: ARM, banking, chris dodd, helping families save their homes act, homeowners, jack reed, Making Home Affordable, Obama, treasury
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