Senate Loan Workout Bill Could Have Reverse Effect on Borrowers
October 12, 2009
Senate legislation that would provide borrowers a chance to work out a modification to their troubled loan before foreclosure could have some unintended, adverse consequences, the Consumer Mortgage Coalition warned. S.1731, the “Preserving Homes and Communities Act of 2009,” was introduced last week by Senators Jack Reed, D-RI, and Richard Durbin, D-IL, to help keep families in their homes and...
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
News Tailored to Your Needs
Get Focused Coverage
Inside Mortgage Finance's newsletters break the mortgage market down so you get the news and data you need most, whether it's total industry coverage or just the news related to securitization, regulation, profits or other specific topics.