Mortgage servicers will be directed to handle negotiations between lenders and troubled borrowers involving mortgages that are set to be bought by the government.
U.S. Treasury Secretary Timothy F. Geithner has disclosed his credit relief plan to stabilize the financial industry which is expected to lead to reduction in the number of repo homes in the country.
The Bail Out the People Movement staged a rally against an auction by Real Estate Disposition Corp. of foreclosed homes and possibly tax foreclosure properties in Manhattan.
The turmoil that the financial market in the United States is going through hit a new low on Monday. This has been the most terrible day Wall Street has faced in the last 7 years.
Print This Article
Add To Favorites