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Real Estate & Property Law

: Housing Wire

Broader Servicer Safety Net Needed: Desoer

By DIANA GOLOBAY

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President Barack Obama’s Making Home Affordable modification plan lacks critical servicer protection laws needed to reach the maximum 3m to 4m borrowers touted as potentially eligible, Bank of America’s Barbara Desoer tells Bloomberg. Lawmakers additionally must draft crucial legislation to shield servicers from lawsuit by holders of securitized bonds. ?If the government wants to go down [...]

Full post as published by Housing Wire on April 27, 2009 (boomark / email).

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