Fed Pushes for Mortgage Relief and Loan Modifications

Friday, December 5th, 2008

The government maintains their desire for consumers to have the option to remain in their homes and weather this foreclosure crisis.  For this to work, there needs to be mortgage relief and debt forgiveness from the mortgage lenders and investors that hold the mortgage-backed securities.  Fed Chief, Ben Bernanke said the government could still buy back delinquent mortgage loans in [...]