Political Pressure Bears Fruit on Second Liens

Collins, Brian
April 2010
National Mortgage News;4/19/2010, Vol. 34 Issue 29, p3
Trade Publication
The article reports on the significant effect of congressional and governmental pressure that forces mortgages servicers to offer principal reductions and second-lien modifications on troubled second mortgages in the U.S. It states that the principal reductions and modifications will help homeowners refinance their loans into Federal Housing Administration-insured loans. It mentions some issues regarding the obstacles in modifying first mortgages due to conflict of interests.


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