by Moe Bedard
Business as usual in Washington.
I have been ranting on this blog for almost a year now on why our government needs to step in and demand action from lenders and servicers to do more to help clean up the toxic mortgages that are eating up our country one home, one family and one city at a time.
Barney Frank [...]
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by Moe Bedard
Barney Frank: We’re telling people, “We wish you would use this alternative process.” Some of them will say, “Well, I can make more money foreclosing, so the hell with ya.”
Lenders are lobbying furiously against any move to give judges the power to adjust mortgages.
The House is expected to consider a $300 billion housing rescue package [...]
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