Loss Mitigation Still Preferred: Lenders Hint at Backup Role for HERA’s Borrower-Rescue Program
September 25, 2008
Lenders are likely to do more loss mitigation than refinancing under the Hope for Homeowners program to help distressed borrowers, although the $300 billion FHA borrower-rescue program will still be a valuable tool for people who can no longer be helped through loss mitigation, according to the mortgage banking industry. Reiterating previous...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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