Frank Pressures Big Banks on Second Mortgages

Posted by mortgagebroker in Mortgages, ... | 03.05.2010 - 10:33 pm

House Financial Services Committee chairman Barney Frank, D-Mass., is calling on the CEOs of four major banks to work with the Treasury Department and banking regulators to deal with second mortgages that have become an obstacle to modifying troubled first liens.


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