Programs to Help Stem Lists of Bank (Foreclosure homes) Foreclosures
A report by the State Foreclosure Prevention Working Group of the Conference of State Bank Supervisors indicated that about 80 percent of troubled borrowers were not availing of loan modification programs being offered through lenders to stem the tide of distressed properties on lists of bank foreclosures. This prompted the state … short sale foreclosure
Mortgage Firms Prodded to Modify More Loans Wall Street Journal The Obama administration is pressing mortgage-servicing companies to step up their efforts to modify troubled loans under its housing-rescue program, the latest sign of frustration with the…(read more) short sale foreclosure
Frank proposes home loan plan for jobless Boston Globe Congressman Barney Frank wants to prevent unemployed homeowners from losing their houses by giving them government money to pay their mortgages. The Newton Democrat, chairman of the House Financial…(read more) short sale foreclosure
Tags: Bank Foreclosure, Bank Foreclosures, Barney Frank, Borrowers, Boston Globe, Conference Of State Bank Supervisors, Congressman Barney Frank, Distressed Properties, Foreclosure Homes, Foreclosure Mortgage, Foreclosure Prevention, Government Money, Loan Modification, Loan Plan, Mortgage Firms, Mortgage Loans, Mortgage Servicing Companies, State Bank, State Bank Supervisors, Wall Street Journal