Today the Mortgage Broker’s Association reports that the Bush Administration is putting forth Housing Foreclosure Avoidance Proposals.It is too bad that those of us in the industry are paying the price for those unscrupupous few that mislead borrowers. It is very important to me that borrowers are fully aware of the Program terms prior to arriving at the title company to sign the documents to their loan. We find that unsuspecting borrowers are “sold” programs that they did not understand nor can now afford. Let’s see what the Administration can salvage from this terrible situation facing a lot of borrowers.
| Administration Announces Foreclosure Avoidance Proposals |
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