Monday, October 4, 2010

FORECLOSURE MILLS WIDESPREAD?

Check out nakedcapitalism.com's review of the "nastygram" sent by Representatives Barney Frank (D-MA), Alan Grayson (D-FL), and Corrine Brown (D-FL).

They're "disturbed by the increasing reports of predatory ‘foreclosure mills’ in Florida working for Fannie Mae servicers." These foreclosure mills specialize in speeding up the foreclosure process which, as you can imagine, puts even greater pressure on homeowners trying to stay in their homes.

- Mark

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