Project Lifeline, increasing Conforming and FHA loan limits, rate freezing…*Yack*
The parables are mounting up in the face of Congress’ threat to move H.R. 3609, The Emergency Home Ownership and Mortgage Equity Protection Act of 2007, and Senate (S. 2136, The Helping Families Save Their Homes in Bankruptcy Act of 2007), crafted to inoculate homeowners against [...]
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Project Lifeline benefits must work for the bank first, the borrower second.
Bank of America, Citigroup, Countrywide Financial, JPMorgan Chase, Washington Mutual and Wells Fargo agree in unison to adopt a policy that offers borrowers who are at least 90 days late a ‘30 day window’ to try and negotiate a foreclosure saving deal, loan modification, [...]
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