DISB Issues Bulletin Offering Guidance on Saving District Homes Against Foreclosure

Washington, DC – November 30, 2010 – (RealEstateRama) — The DC Department of Insurance, Securities and Banking (DISB) recently issued a bulletin* to inform licensed residential mortgage lenders and mortgage borrowers of the enactment of a new emergency law requiring mortgage lenders to go through six months of mediation with a homeowner before proceeding with a foreclosure.