More modifications, fewer foreclosures, please

That’s the prescription that Federal Deposit Insurance Corporation (FDIC) Chairman, Sheila C. Bair, recently issued to cure the ills of the current (and future) housing market. Here’s a snip from her presentation before the Summit on Residential Mortgage Servicing for the 21st Century in Washington, D.C.: “The bottom line is that we need more modifications [...]

Source: http://blog.foreclosure.com/2011/01/more-modifications-fewer-foreclosures-please/

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