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Loan Modification

: Loan Modification & Home Loan News

California Assembly rejects foreclosure/modification bill

By Moe Bedard

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State legislation to protect homeowners from foreclosure while pursuing a loan modification, widely supported by consumer groups but opposed by the banking California industry, has failed in the state Assembly. SB1275, which was rejected 36-30 late Monday, would have required lenders to provide homeowners with a fully considered loan modification decision prior to foreclosing. Unlike [...]

Full post as published by Loan Modification & Home Loan News on September 01, 2010 (boomark / email).

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