Tag Archive | "unemployed"

FDIC Proposes Mortgage Forbearance for Jobless & Part-Timers

Tuesday, September 29, 2009

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There maybe a light at the end of the tunnel for Mortgage holders without jobs. Last week Adam Weinstein reported a new FDIC proposal, that called on banks to drop mortgage rates for the under and unemployed, in the Default Servicing News. Here is an excerpt of his report: ‘As rampant unemployment sours the mortgage industry, the Federal [...]

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