FHFA Urges Quick Action On Loan Modifications

25 Nov 2008

James Lockhart, director of the Federal Housing Finance Agency, is urging loan servicers to act promptly in modifying home mortgages.

James Lockhart, director of the Federal Housing Finance Agency, is urging loan servicers to act promptly in modifying home mortgages. In a letter to more than 40 mortgage services and trustees of private-label mortgaged-backed securities, Lockhart said the new streamlined modification program announced by the FHFA Nov. 11 ...

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