Congress ‘Urges’ Servicers to Delay Foreclosure Until Launch of New FHA Refinance Program
July 31, 2008
House Democrats grilled top industry executives over the role played by mortgage servicers in an increasingly challenging market, reiterating earlier threats to hold lenders accountable for their efforts to mitigate the damage. Key lawmakers leaned on the industry to delay foreclosures until a new FHA refinance program is launched...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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