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Loan Modification

: Loan Modification & Home Loan News

Double Standard Mortgage Bankers Are Underwater Too

By Moe Bedard

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The Wall Street Journal reported yesterday that in an interview last year, John Courson, chief executive of the Mortgage Bankers Association of America (MBA), said borrowers who were ?underwater? should keep paying their mortgage if they can afford to do so. Defaults hurt neighborhoods by lowering property values. At the time, he said: ?What about the [...]

Full post as published by Loan Modification & Home Loan News on February 10, 2010 (boomark / email).

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