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...
Christopher Stanley, a security engineer at SpaceX, is the first member of Elon Musk’s Department of Government Efficiency to join a GSE board.
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