Federal banking regulators are giving lenders more flexibility when they restructure high-interest rate mortgages given to home buyers with poor credit. The effort by the Office of Thrift Supervision and other agencies is aimed at softening the impact of the housing market's slowdown and bolsters the argument of lawmakers who say mortgage reforms may not be needed. Experts say lenders could save money in the long run because it costs less to refinance a loan than to foreclose on a house.
May 17, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Federal banking regulators are giving lenders more flexibility when they restructure high-interest rate mortgages given to home buyers with poor credit.
The effort by the Office of Thrift Supervision and other agencies is aimed at softening the impact of the housing market’s slowdown and bolsters the argument of lawmakers who say mortgage reforms may not be needed.
Presented by BigVoodoo
The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
Consulting Magazine identifies the best firms to work for in the consulting profession.
Our client, a boutique litigation firm established by former BigLaw partners, is seeking to hire a commercial litigation associate to join e...
COLE SCHOTZ P.C.Prominent mid Atlantic law firm with multiple regional office locations seeks a senior attorney with commercial real estate ...
ATTORNEYS WANTED ROCKLAND/BERGEN COUNTYKantrowitz, Goldhamer & Graifman, P.C. Expanding and established multi-practice, mul...
