Foreclosure freeze/moratorium coming soon?
juliaredstone | October 6, 2010 at 10:09 amby
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It is unacceptable today the number of signatures on benefits cheats and talks of buying and selling houses. Finally the banks have launched an investigation into the case.
It is simply inexcusable that proper oversight proceedings were not in place, especially when dealing with matters as monumental as the seizure of a family’s home…. At least one credit rating agency, Fitch, states that it believes this problem is widespread among banks and servicers, which raises the question of whether other banks should impose a moratorium until this lack of oversight is corrected.