Legislation Would Force Loan Modifications

Four Democrat senators have introduced legislation aimed at forcing mortgage servicers to do more to modify loans of troubled borrowers and curb the number of foreclosures they perform.

  • 01 Oct 2009
Four Democrat senators have introduced legislation aimed at forcing mortgage servicers to do more to modify loans of troubled borrowers and curb the number of foreclosures they perform. The Preserving Homes and Communities Act of 2009, sponsored by Sen. Jack Reed (D-R.I.) and co-sponsored by Sens. Dick Durban ...

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