Servicers Asked to Halt Some Foreclosures for FHA Refi Plan
August 1, 2008
Democrats in the House are calling on servicers to hold off foreclosing on borrowers who will qualify for an FHA-bailout program set for implementation in October. The program is part of omnibus housing legislation signed this week by President Bush after passing the Senate last weekend on a 72-13 vote. Some 1.1 million loans...