Financial Stocks Boosted by Mortgage Deal
Posted February 3rd, 2009 by adminDemocratic lawmakers reached an agreement with Citigroup on a new loss mitigation plan to let bankruptcy judges alter loans in an effort to prevent borrowers from losing their home to foreclosure. Other mortgage lenders are expected to follow suit. The agreement raised hopes that the steep downturn in the housing market that has badly hurt [...]
Tags: bankruptcy juydges, Citigroup, loss mitigation, mortgage lenders, mortgage modification