CNN: 70 percent of at-risk borrowers are left out
CNN reports seven out of ten seriously delinquent subprime mortgage borrowers are not getting the help they need to stay in their homes.
A snippet:
“Our collaborative efforts to date have failed to prevent a large number of unnecessary foreclosures,” said North Carolina Deputy Commissioner of Banks Mark Pearce. “We need to find solutions that fit the size of the problem we are facing.”
Posted: April 22nd, 2008 under Foreclosure, In the News.
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