(Reuters) - Federal Deposit Insurance Corp. Vice Chairman Martin
Gruenberg said accounting, tax and legal issues remain before
some subprime loans sold as securities can be modified to help
homeowners facing late payments and foreclosure.
"A successful outcome would require a committed and
concerted effort by servicers and other mortgage industry
participants working together with federal and state
regulators," Gruenberg said at a conference of state banking
officials.
Read more at Reuters.com Bonds News
Gruenberg said accounting, tax and legal issues remain before
some subprime loans sold as securities can be modified to help
homeowners facing late payments and foreclosure.
"A successful outcome would require a committed and
concerted effort by servicers and other mortgage industry
participants working together with federal and state
regulators," Gruenberg said at a conference of state banking
officials.
Read more at Reuters.com Bonds News
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