| Re: Final Housing Bill Passes House, Bush to Sign into Law
Hi Moe, Quote: |
This is something I didn't read in it. BUT , will read it again for this clause. This would be HUGE for us all, but we still may have hesitation form servicers based on the simple fact that they make money when someone is in foreclosure and default and it costs money to do a loan modification or big money in principle write downs etc.
| Here's a link; still haven't had time to read through the actual bill myself: http://www.house.gov/apps/list/press..._bill_text.pdf Quote: |
Offer protection from investor lawsuits for mortgage holders that modify loans to borrowers who are in default or about to default.
| ccsint |