by Moe Bedard
Hiding in Obama’s foreclosure bill are provisions to protect big investors from bankruptcy cramdowns.
Washington is finally realizing that there are two types of mortgage investors and you usually can’t help one without hurting the other.
A last-second addition to the Helping Families Save Their Homes Act of 2009 would make it so that senior mortgage investors–often [...]
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by Moe Bedard
WASHINGTON (Thomson Financial) – Mortgage servicing companies which are resisting loan modifications aimed at preventing foreclosures need to stop fighting the idea or face tougher regulation, Democratic Chairman of the House Financial Services Committee Barney Frank of Massachusetts warned today.
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