The federal Home Affordable Modification Program, which is designed to guide the modification process to the benefit of the lender (not the borrower), has helped 12 percent of a potential 3 million ...
FDIC Chairman Sheila C. Bair has announced that IndyMac Federal Bank FSB will implement a new program to systematically modify troubled mortgages. The program is designed to achieve affordable and ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The FDIC started its Legacy Loans Program this Friday, launching its first test deal in its effort to help ...
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