Foreclosure Living

A recent MarketWatch article reports that House Speaker Nancy Pelosi is pressing for a stipulation requiring some of the approved financial bailout money to be allocated for preventing home foreclosures. She’s supporting Congressman Barney Frank, the chairman of the House Financial Services Committee, who is working on a bill to require the Treasury to modify mortgages at risk for defaulting as part of receiving the next $350 billion of the bailout money approved on October 3^rd.

(more…)