On the recordNovember 15, 2010
We do not make money when we foreclose on customers. It is in our best interest to figure out ways to make loans perform again.
Source
congress.govWe do not make money when we foreclose on customers. It is in our best interest to figure out ways to make loans perform again.
Bennett emphasizes the importance of loan modifications over foreclosures for financial interests.
Share
More from Bob Bennett
I can understand the impulse for a moratorium. I am not at all sure that a blanket moratorium as broad as this one will produce any higher degree of safety than a more targeted kind of thing.
We will not only lose the industry, we will lose the skills that go with it.