Archive for April, 2009
Her Voice: Lifting moratoriums and loan restructuring hope
Image Source: daylife.com
By Jennie S. Bev
The foreclosure moratorium, which basically banned foreclosure sales and evictions for mortgages funded and securitized by Fannie Mae and Freddie Mac, ended on March 31. It came with many consequences: the good, the bad and the sexy. Loan restructuring is the last resort for most homeowners, but why is nobody getting any?
Some have taken the liberty of extending foreclosure moratorium. The state of New York is processing a bill that would extend the moratorium to one full year, and Marshall & Ilsley Corp. announced it has extended its foreclosure moratorium with an additional 90 days through June 30. Read the rest of this entry »
