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: The Home Equity Theft Reporter

Impatience Grows Among Lawmakers With Lenders, Mortgage Servicers On Lack Of Progress On Loan Modifications

By r morris

The Washington Independent reports:A top Democrat on Monday warned the nation?s banks that, unless they get more aggressive in modifying mortgages to prevent foreclosure, Congress will renew previous efforts to empower families to keep their homes through bankruptcy. But Sen. Richard Durbin (Ill.), the upper-chamber?s second ranking Democrat, also gave the banks three months to comply with his

Full post as published by The Home Equity Theft Reporter on August 05, 2009 (boomark / email).