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Loan Modification
: Mortgage Lender Implode-o-MeterRepublicans Seek To Deprive "Strategic Defaulters" of FHA
By Implode-Explode Heavy Industries
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``The Republican Motion to Recommit H.R. 5072, the FHA Reform Act, would amend the bill to prohibit individuals who strategically default on their mortgage from accessing the FHA program and protect taxpayers from financing a bailout of FHA programs.'' -- Banksters always looking for ways to legislate "payback." Interestingly this move should pit bankers against builders...Full post as published by Mortgage Lender Implode-o-Meter on June 10, 2010 (boomark / email).
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