Bernanke to banks: Cut what’s owed on troubled mortgages

This is quite extraordinary. The head of the U.S. central bank is asking mortgage lenders to reduce the principal amount owed on delinquent mortgages. Implicitly, he is asking lenders to take a 20 percent to ... More... (Foreclosure News, Education, and Updates, Mortgage Lender & Broker News, Mortgage News)
Add a Comment , , March 5th, 2008