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Real Estate & Property Law

: Housing Wire

FDIC?s Bair Pushes Loan Modification Program

By PAUL JACKSON

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The U.S. can prevent 1.5 million foreclosures at a taxpayer cost of $24 billion, Federal Deposit Insurance Corp. chairman Sheila Bair said Tuesday in remarks before Congressional leaders, as she continued to push the FDIC’s recent proposal for mass loan modifications for troubled borrowers. At a hearing of the House Financial Services Committee called to [...]

Full post as published by Housing Wire on November 18, 2008 (boomark / email).

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