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Loan Modification

: The Truth About Mortgage.com

Foreclosure Ban in the Works?

By scot184

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Alarm bells sounded yesterday after it was relieved that the Obama Administration was considering an all-out “foreclosure ban.” But it’s probably a big ado over nothing…essentially all foreclosures would be banned until the associated mortgages were reviewed for possible inclusion in the Home Affordable Modification Program (HAMP). Currently, mortgage lenders and servicers can initiate foreclosure proceedings on [...]

Full post as published by The Truth About Mortgage.com on February 26, 2010 (boomark / email).

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