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foreclosure rescue

Mortgage Modification Act and Politics as Usual

by Moe Bedard

“Modern politics is, at bottom, a struggle not of men but of forces. The men become every year more and more creatures of force, massed about central powerhouses. The conflict is no longer between the men, but between the motors that drive the men, and the men tend to succumb to their own motive forces. [...]

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House debates foreclosure rescue

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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