More at Zennie62 : “The Obama administration is supporting legislation that, if passed, would allow judges to write down the principle and/or interest of mortgages when mortgage holders file for bankruptcy, and will be releasing new mortgage guidelines, which go into effect in 2 weeks that will standardize the mortgage loan process, including the appraisal process.”
Oakland Focus News Blog | Oakland News Online Blog - Oakland CAs first true blog, est 2004