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Loan Modification

: Mortgage Lender Implode-o-Meter

Washington Policy Makers Resist Calls for a Big Fix in Foreclosure Crisis

By Implode-Explode Heavy Industries

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"President Barack Obama and the federal agencies that share responsibility for housing finance are opposing calls for a nationwide foreclosure freeze, fearing further damage to the housing market. Even as bank stocks tumbled yesterday on concern that the mishandled loans will increase costs for lenders, the White House and federal regulators avoided any grand gestures designed to reassure investors."

Full post as published by Mortgage Lender Implode-o-Meter on October 15, 2010 (boomark / email).

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