Wednesday, Apr 14, 2010
Getting a loan will be pricier
Money cnn: 10 foreclosures for every home saved
While the panel commends the Treasury Department for its push to convert more trial adjustments to long-term modifications, it lays out several concerns, including the long-term sustainability of the modified mortgages and the ultimate cost and goals of the program. Also, the panel is concerned that the half-dozen foreclosure-prevention programs launched by Treasury over the past year has resulted in confusion and delays.
Posted by mark @ 12:35 PM (373 views) Add Comment
1 Comment
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1. miken said...
And to think UK banks indirectly invested in these properties which were originally deemed AAA investment quality. This was the big American lie. Only time will tell whether all banks exposure has been revealed yet.