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2009-07-16 — bloomberg.com
"The Obama administration stokes “confusion and delay†among mortgage lenders when it announces anti-foreclosure plans before completing the program details, a Bank of America Corp. executive will tell Congress. Announcing programs without providing the rules for how borrowers and lenders should proceed “creates immediate demand with insufficient lead time for operational readiness,†Allen Jones, a default-management policy executive at Bank of America, said in prepared testimony to be delivered before the Senate Banking Committee in Washington today." source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |