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Loan Modification

: Loan Modification & Home Loan News

A Shift in the Right Direction on Housing-Loan Risks

By Moe Bedard

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(Source: The Kansas City Star) - Congress finally is taking early steps toward correcting one of the contributing causes of the credit meltdown: Many banks willingly approved mortgages regardless of risk.Currently we have what amounts to an “underwrite and sell” system, in which banks endorse mortgages and quickly sell them to Fannie Mae and Freddie [...]

Full post as published by Loan Modification & Home Loan News on March 30, 2011 (boomark / email).

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