Real estate blog entries tagged with federal reserve board loan modifications by Dean Moss - Dean's Team Chicago IL Real Estate Team (Dean's Team - Keller Williams Realty Partners Chicago IL)

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Home : Blogs : Dean Moss - Dean's Team Chicago IL Real Estate Team : Dean's Team Chicago Real Estate Blog : Tag "federal reserve board loan modifications"

federal reserve board loan modifications: On Loans They Have Acquired, FED To Modify Loan Terms for Some Distressed Borrowers! - 01/29/09 08:15 AM

Good Morning!
A blurb I read in yesterday's WSJ will not immediately turn the housing market around, but it's a small step in the right direction. It could set an important example as well.
In one attempt to help many borrowers stave off foreclosure, the Federal Reserve Board has created a program to modify mortgage loans tied to the debt the agency acquired in connection with the bailouts of failing investors in Mortgage Backed Securities, including American International Group and Bear Stearns. A total of $84 Billion in FED-held Mortgage Assets are involved here.
In a story by Wall Street Journal … (0 comments)

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