News of the housing market's economic temper may have gotten to the nerves of major banks. Citigroup Inc has now joined the ranks of lenders who have established programs to help their borrowers.
The bankruptcy reform proposal in Congress that empowers judges to order mortgage loan modification is not a good solution to the foreclosure problem, says a Barclays Capital analyst.
BankAtlantic and BankUnited have announced a moratorium on their foreclosure activities as they await the Obama Administration' recovery program for the housing market.
Print This Article
Add To Favorites