Bankers, housing regulators and members of Congress agreed on this much in the week’s second congressional hearing on foreclosure problems: The system needs fixing.  Some bank officials Thursday told a House subcommittee that their efforts to help borrowers in default were stymied by investors who require that foreclosures keep moving forward even as the borrowers are trying to get a modified mortgage to lower their monthly payments.  Read full article:

[picappgallerysingle id=”311951″]Hearing brings more censure for handling of foreclosures


  1. frostwire download on November 28, 2010 at 9:37 pm

    one can argue that it can go both ways

  2. Annie Daubert on May 5, 2011 at 6:50 am

    I’d have to give blessing with you on this. Which is not something I typically do! I love reading a post that will make people think. Also, thanks for allowing me to comment!

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