Foreclosure Mediation Allowing More Time in the House For the Homeowner

Slow-Road-Sign-378pxAn article in the Las Vegas Review Journal reports that the mortgage foreclosure mediation program and similar programs in other states are delaying efforts to resolve problem loans, the top official at the Mortgage Bankers Association said today. “We find it’s just slowing the process down,” said John Courson, chief executive officer of the Mortgage Bankers Association. Courson spoke during a conference call from the association’s annual convention in San Diego.

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