WASHINGTON AP-Investors in mortgage securities who are challenging home loan modification programs aimed at avoiding foreclosures could provoke a "backlash" from Congress, the head of the FDIC said Thursday.Sheila Bair, the chairman of the Federal Deposit Insurance Corp., made the comments in response to a question following a speech to a consumer group gathering.
December 04, 2008 at 12:00 AM
1 minute read
WASHINGTON AP-Investors in mortgage securities who are challenging home loan modification programs aimed at avoiding foreclosures could provoke a “backlash” from Congress, the head of the FDIC said Thursday.
Sheila Bair, the chairman of the Federal Deposit Insurance Corp., made the comments in response to a question following a speech to a consumer group gathering.
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