Tuesday, April 17, 2007

Mortgage Borrowers: Federal Regulators Encourage Institutions to Work with Mortgage Borrowers

Mortgage Borrowers: Federal Regulators Encourage Institutions to Work with Mortgage Borrowers : "Borrowers who are unable to make their mortgage payments should contact their lender or servicer as soon as possible to discuss available options. Examples of constructive workout arrangements include modifying loan terms, and/or moving borrowers from variable-rate loans to fixed-rate loans. "

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