Only a year ago, hopes were high that a big push by the government to stop foreclosures would be a great success, living up to its billing as “Help for America’s Homeowners.”
Last January started out with a foreclosure moratorium, allowing time for the More…
Now that the government has nationalized Fannie Mae and Freddie Mac, it should step in and modify the mortgage loans of troubled borrowers on a massive scale, consumer advocates say.
Housing Wire reports that advocates are pushing the two mortgage giants to follow the lead of the Federal Deposit More…
In addressing the mortgage mess, the approach of pushing lenders to modify mortgages through loan workouts continues to take center stage — despite a growing controversy over whether they get results. As foreclosures continue to rise, a political battle is heating up as well.
The Federal Deposit Insurance Corp., which More…
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