Tag Archive: mortgage-backed security

Aug 20

OCC Entices Homeowners with Extension Deadline

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Facing foreclosure might make you feel as though you’re in a skiff on the water, pushed around by a strongwind that won’t let you head in the direction you had in mind. Your skiff is made of mortgage debt… and that wind is your residential mortgage holder, blowing on you fiercely, and wiping you clean …

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Apr 18

Another “Foreclosure Prevention Bill;” Does It Have What It Takes?

“This foreclosure crisis affects all of us – homeowners, families, neighbors, and state and local governments. It is clear that the current system isn’t working and unfortunately federal regulators have filed to bring meaningful reform to the mortgaging servicing….Ending the foreclosure mill requires stronger oversight, streamlined modification procedures, and meaningful penalties when servicers break the …

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