Senators Say Regulators Should ‘Take Own Advice,’ Implement Loan Mods for GSEs
September 19, 2008
Democrats in the Senate called upon the new executives of Fannie Mae and Freddie Mac to freeze foreclosures for 90 days and examine the possibility of widespread loan modifications for mortgages in the government-sponsored enterprises’ retained portfolios. Sens. Charles Schumer, NY, Robert Menendez, NJ, Sherrod Brown, OH and Bob Casey, PA, wrote a joint letter to Herb...