Obama puts the squeeze on mortgage companies
Filed under: Economy, Investing
The Obama administration has for months pressured the mortgage industry to bail-out homeowners who have fallen behind in their mortgage payments. Now, it wants the industry to try harder.
According to the Wall Street Journal, "The Obama administration is pressing mortgage-servicing companies to step up their efforts to modify troubled loans under its housing-rescue program, the latest sign of frustration with the pace at which mortgage companies are reworking troubled loans."
Continue reading Obama puts the squeeze on mortgage companies
Obama puts the squeeze on mortgage companies originally appeared on DailyFinance on Fri, 10 Jul 2009 11:00:00 EST. Please see our terms for use of feeds.
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