Another Note on Yesterday’s Treasury Report

As a quick addition to Mary’s thoughts on yesterday’s Treasury Department report confirming the reluctance of mortgage servicers to modify loans through the administration’s Making Home Affordable program, it’s worth noting that some of the poorest-performing banks are the same institutions that appeared before Congress just a few More…

Barney Frank’s Crusade

Mortgage servicers have not done enough to help struggling homeowners avoid foreclosure, a leading Democrat said Wednesday, and Congress must now step in with new legislation to help them salvage their troubled loans.

“We have not seen servicers participating in any significant way,” Rep. Barney Frank (D-Mass.), chairman of the More…