News about Mortgage Loan Forbearance issue #268

by Joe Manausa on March 18, 2012

The Banks Win, AgainNew York TimesBanks will be required to provide at least $17 billion worth of principal-reduction loan modifications and other relief, like forbearance for unemployed homeowners. C more…
Los Angeles TimesAlly Agrees to Broader Principal Cuts Under PactWall Street JournalBy ANDREW R. JOHNSON Ally Financial Inc. agreed to make broader cuts to principal loan amounts and assist a wider ar more…

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