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Fannie, NACA Strike Deal To Modify Troubled Home Loans

By r morris

The Wall Street Journal reports: Fannie Mae has reached an agreement to work with one of its former critics, Neighborhood Assistance Corp. of America, to prevent foreclosures by reworking home mortgages to make them easier to afford. [...] The agreement with Fannie hasn't been announced but was confirmed by the company and by Bruce Marks, chief executive of the NACA, a Boston nonprofit with a

Full post as published by The Home Equity Theft Reporter on January 30, 2009 (boomark / email).