Insurances & Business

News Economy Business Investment Banks Credits

U.S. Banks Opt For Payment Plans For Ailing Mortgages

WASHINGTON (Reuters) - The biggest U.S. banks that service
more than 23 million mortgages totaling $3.8 trillion have
focused on short term relief for troubled borrowers rather than
permanent changes to mortgage conditions to prevent
foreclosures, a top U.S. banking regulator said on Wednesday.

Leave a Reply »»

Similar/Related/News: