In a response from the U.S. Treasury Department to testimony from Under Secretary Robert Steel, the Treasury stated in part:
"The Administration’s goal is to prevent foreclosures for homeowners. It is not about assisting lenders or bailing out investors.
Our response is based upon a three-point plan: (1) to better identify, reach and connect with counselors those at-risk homeowners who can be helped, (2) to assist in developing additional products for homeowners, and (3) to increase the speed and efficiency of moving these at-risk borrowers into affordable solutions."
The full testimony and response can be read here.
No comments:
Post a Comment