U.S. to Lenders: No Moratorium, But Fix Mess


The Federal Housing Finance Agency has responded to the foreclosure document crisis with a policy statement ordering lenders to ensure that paperwork is properly reviewed and signed. 
For documents that do not meet the standards, lenders must collaborate with local lawyers to resolve any problems. 
The policy statement dovetails with the Obama administration’s opposition to a nationwide foreclosure freeze due to concern that it would jeopardize the economy. 

Source: Washington Post (10/14/10)

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