Lenders to pause delinquent mortgage foreclosures (Reuters)

Courtesy Ytop stories  Tue, 02/12/2008 - 10:45am

An auction sign is displayed in front of a home in Stockton, California February 2, 2008.<br /><br />Six top mortgage lenders and servicers on Tuesday launched a new program aimed at staving off foreclosure for seriously delinquent borrowers in the hopes that new, more affordable loan terms can be worked out.<br /><br />(Kimberly White/Reuters)Reuters - Six top mortgage companies on Tuesday launched a new program aimed at staving off foreclosure for seriously delinquent borrowers in the hopes that new, more affordable loan terms can be worked out.




 

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