Feb 12 - Top lenders and Bush Administration outline plan for pause in mortgage foreclosures. Lenders said they do not foresee an open-ended freeze on foreclosure proceedings but would offer borrowers a reasonable grace period.Deborah Lutterbeck reports.
who the hell is going to bailout the over taxed taxpayer
wille65 2 years ago
The newly elected President Barack Obama could enact(once he takes office)to federally mandate long term loan modification's (interest) on behalf of all Americans with ARM Negative (sub-prime/ deferred interest) mortgage loans (the main reason for foreclosures) at a low interest rate (fixed by the Federal Reserve Bank) for 40 & 50 year's, depending on income. Leaving it up to the bank's to do this is akin to putting the fox in the hen house to protect them.
ciro9 3 years ago
90 days? alot of lenders tell you they dont even want your payments anymore if your late past 30 days even if you tell them you have the payment
commando7144 3 years ago