Archive for September, 2009

The bill would encourage loan modifications, establish a payment assistance program and provide incentives for mediation programs.
The bill would encourage loan modifications, establish a payment assistance program and provide incentives for mediation programs.
WASHINGTON -(Dow Jones)- Four U.S. senators introduced legislation Wednesday to require lenders to offer loan modifications to qualified borrowers before seizing their homes.
Sept. 30 (Bloomberg) -- Senate Democrats introduced legislation that would expand federal loan-modification programs to more borrowers and place new restrictions on U.S. lenders before they can foreclose on delinquent homeowners.
WASHINGTON - U.S. lenders are ramping up efforts to avoid home foreclosures, but a report by bank regulators says more than half of borrowers who