Special offer

House Bill Loosens Mortgage Modifications

By
Real Estate Broker/Owner with John Vesco Real Estate

The House is expected to vote on a bill Thursday that would let bankruptcy judges erase some mortgage debt for troubled homeowners and shield mortgage servicers modifying loans from bondholder lawsuits. Rep. Brad Miller (D-NC) said the provisions should prod mortgage companies to loosen home loan terms on a scale that they have not done before