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House addresses foreclosure relief tomorrow

By Sam Glover

One of the problems perpetuating the foreclosure crisis is the inability of lenders and borrowers to renegotiate those loans. Lenders don’t want to take care of vacant homes, and many borrowers could stay in their home if those ridiculous adjustable rates were locked into a reasonable fixed rate. Renegotiating those loans means more money to [...] Related posts:

• Minnesota legislature passes Subprime Borrower Relief Act
• Minnesota lawmakers consider three foreclosure bills
• Community Reinvestment Act not the cause of the foreclosure mess


Full post as published by Caveat Emptor on February 25, 2009 (boomark / email).

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