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Loan Modification

: Loan Modification & Home Loan News

Lawmakers seek entity to buy distressed home loans

By Moe Bedard

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WASHINGTON (MarketWatch) – With millions of foreclosures expected over the next five years, a group of twenty-seven Democrats on Wednesday sent a letter to Treasury Secretary Timothy Geithner urging him to establish a new federal entity to purchase distressed mortgages at auction and modify them for troubled homeowners. “The government’s failure to take effective actions to [...]

Full post as published by Loan Modification & Home Loan News on March 25, 2010 (boomark / email).

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