Credit Card and Financial News

An up-to-date look at the Financial World

29 Nov

Treasury wants more lender leeway on loans (Reuters)

Posted in business on 29.11.09

A sign offering bank owned homes for sale is seen in a subdivision in Maricopa, Arizona in this file photo from May 27, 2009. REUTERS/Joshua Lott/FilesReuters – The Treasury Department wants lenders and companies that process monthly mortgage payments to do more to rework troubled home mortgage loans and will announce new measures on Monday aimed at achieving that goal, a department spokeswoman said on Saturday.



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