This Should Be Interesting for All Those Mortgages Sold in the Secondary Market

NY Times (Patrick McGeehan): Spitzer to Present a Plan to Reduce ForeclosuresThe Spitzer administration plans to propose a legislative package on Tuesday intended to help stem the rising tide of home foreclosures by requiring lenders to try to work out repayments with borrowers before suing them. A bill drafted by Gov. Eliot Spitzer’s staff would require lenders to warn borrowers in writing 60 days before starting foreclosure proceedings and to meet with them to negotiate a settlement.

Advertisements

2 Responses to “This Should Be Interesting for All Those Mortgages Sold in the Secondary Market”

  1. Peter Quinn Says:

    I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.

    Peter Quinn


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: