Posts tagged as:

capter 13 banruptcy

Mortgage Bankers’ Defense Remains Unconvincing: Voluntary Foreclosure Prevention Is Not Working

by Moe Bedard

DURHAM, N.C., Jan. 31 /PRNewswire-USNewswire/ — Recently the Center or Responsible Lending (CRL) released an analysis showing that during the third quarter of 2007, mortgage lenders initiated foreclosures seven times more requently than they modified mortgages, and 13 times more frequently than they modified problematic adjustable-rate subprime loans. In addition, CRL estimated that under the Treasury [...]

0 comments Read the full article →