Dial-A-Refinance Home Mortgages does not Work Rep. Waters
home refinance
January 21, 2009 Maxine Waters deals with the marathon in contacting banks to refinance mortgages.
This entry was posted by admin on September 24, 2010 at 5:21 am, and is filed under Credit. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.
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#2 written by beancube2008 1 year ago
Most congressional Democrats say the quickest way to save homeowners is to let them declare bankruptcy and allow judges to dictate new mortgage terms.
If the lenders do not want to get dragged into bankruptcy court by millions of overextended borrowers and lose control of any deals to ease the terms.
Even If someone has filed for bankruptcy, the bankruptcy court has no authority to change the terms of mortgage right now.
Why should bailout need filing bankruptcy? Auto Makers need none.
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