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: CL&P Blog

Times Reports on Responses to the Subprime Crisis, Student Loan Issues, Unauthorized Bank Account Transfers, and More

By Jeff Sovern

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Bob Tedeschi's Mortgages column in today's Times, "Shying Away From N.Y. Loans," reports on a consequence of the new New York subprime law: making it even harder for subprime borrowers to obtain loans.  An excerpt:Among other things, borrowers with high-cost loans can block being foreclosed on if they can prove they should not have been offered the loans in the first place. Fannie Mae and Freddie Mac, the two government-sponsored companies that back most of the nation?s mortgage read more

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Full post as published by CL&P Blog on September 07, 2008 (boomark / email).

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