Friday, February 20, 2009

HUD Secretary Calls for Accelerated Loan Modifications

According to an article by Nick Timiraos from New York:

“Housing and Urban Development Secretary Shaun Donovan said Friday that the federal government “must accelerate loan modifications” and cited a “desperate need” for industry-wide standards to govern those alterations.”

What does that mean to the homeowners facing foreclosure today?
Read the article here: click here

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