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Real Estate & Property Law

: Housing Wire

Frank: Mortgage Bailout Shouldn?t Offer ?Free Rides?

By DIANA GOLOBAY

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Reducing the amount of foreclosures will play a key role in stabilizing the financial crisis, but the government should avoid giving a “free ride” to any borrower who could not have afforded a mortgage to begin with, said Barney Frank, D-Mass., chairman of the House Committee on Financial Services, at a hearing Wednesday. While the [...]

Full post as published by Housing Wire on November 13, 2008 (boomark / email).

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