Old 08-23-2007, 10:44 AM   #1 (permalink)
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Thumbs up Senator Christopher Dodd Calls for Loan Modifications by Lenders

One of our forum members (FirstTimeBuyer) just emailed me this link to an interesting interview with Senator Christopher Dodd on MSNBC.

Senator Dodd goes on to explain that congress acknlowledged for the first time that they are "concerned about foreclosures". Wow, the first time! He also mentions that one foreclosure in a neighborhood brings down the values of every other home in that neighborhood by $3,000-$5,000. I would say that figure is much higher in over priced areas like Southern California and Las Vegas, Nevada.

from wahington
found this from msnbc
Sen Dodd about lenders and workouts
http://video.msn.com/v/us/msnbc.htm?...7&f=00&fg=copy


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