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Loan Modification

: Loan Modification & Home Loan News

The Latest Bank to Order Foreclosures: The Fed

By Moe Bedard

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In what The Journal calls an ?unprecedented test for the most powerful of 12 regional branches of the Federal Reserve System,? the Fed is still struggling with the Bear Stearns? mortgage portfolio that it took over in 2008 as part of its deal with JPMorgan. The foreclosures are expected in both commercial and residential properties, with [...]

Full post as published by Loan Modification & Home Loan News on August 05, 2010 (boomark / email).

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