As if we needed anymore evidence of the financial difficulties facing home owners these days. Again, this is just more evidence of the need to carefully select an agent that can look out for your best interest.
This includes working closely with a mortgage broker that’s not going to force you into a financial noose!
Political Rhetoric Heats UpOn Mortgage, Housing Issues
By DAMIAN PALETTA and HENRY J. PULIZZI
October 3, 2007 2:52 p.m.
WASHINGTON — Top Democrats in Congress traded barbs with the White House Wednesday, with both sides accusing the other of failing to do more to prevent major mortgage market problems and rising foreclosure levels across the country.
Speaker of the House Nancy Pelosi (D., Calif.) and Senate Majority Leader Harry Reid (D., Nev.) held a joint press conference calling on the Bush administration to appoint a senior adviser charged with limiting the record number of homeowners entering the foreclosure process.
“This is a national crisis,” Mr. Reid said, standing before a large sign that said “Protecting the American Dream.”