There are few things that get people moving quicker than a public shaming. As we reported previously, the administration was growing increasingly frustrated with the slow bank response to near-foreclosure homeowners who wanted to restructure their mortgage. Now the Obama administration is recognizing the best lenders and calling out the worst performers by issuing a report card of participating banks.
How does your lender stack up? What’s your plan for this housing market (buy, renovate, or rent)?
Credit: NPR news story
