by Moe Bedard
Lieu Announces Introduction of Monitored Mortgage Workout Program
Program Would Help Those Hurt by Wall Street Excesses
(SACRAMENTO) – On the one year anniversary of the Lehman Brothers collapse, Assemblymember Ted Lieu (D-Torrance) today announced the introduction of AB 1588, the Monitored Mortgage Workout Program, which would provide for state-appointed monitors to ensure homeowners have a chance [...]
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by Moe Bedard
By Moe Bedard
While the cramdown bill dies a silent death in the senate the government has guaranteed to pay lenders nearly ten billion more in taxpayer dollars to support loan modification efforts. Federal funds will initially be going to the largest lenders and servicers including Chase, Citigroup, Wells Fargo, GMAC, Saxon and Select Portfolio Servicing.
As [...]
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