Letter from members of the State Foreclosure Prevention Working Group HERE to subprime lenders urges them to adopt loan modifications along the lines of those recently negotiated with Bank of America (on Countrywide loans).
Note that membership on State Foreclosure Prevention Group includes both attorney generals and two state banking regulators.
Up to now Oregon has not been a member of the Working Group, perhaps new Attorney General will join after election next month?
[A link to the Conference of State Banking Supervisors, host to the State Foreclosure Prevention Working Group, has been added to links pane in right side of blog.]
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