‘Mortgage Deal from Hell’ Hurts Responsible Borrowers
NEW YORK (CNBC) — Homeowners who kept up on their payments would lose while those who fell behind would win under an apparent deal between big banks and state governments, banking analyst Dick Bove said.
The agreement, expected to be worth at least $26 billion, would compensate both victims of alleged foreclosure fraud and underwater homeowners whose debt exceeds the value of their properties.
Read more at ‘Mortgage Deal from Hell’ Hurts Responsible Borrowers: Bove.
Tags: foreclosure crisis in ma, foreclosure news in ma, ma mortgage news, mortgage crisis in ma
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Lew Corcoran
Licensed Real Estate Professional
Certified Short Sale Guide
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