Washington, D.C. – March 10, 2011 – (RealEstateRama) — The Independent Community Bankers of America (ICBA) issued the following statement today regarding the release of the state attorneys general foreclosure settlement term sheet. “While much of Wall Street has already recovered from the financial fallout, many of America’s Main Street communities continue to struggle with its harsh effects. The last thing these communities need is further deterioration of their already fragile housing markets and economies caused by these proposed settlement terms that would delay legitimate foreclosure actions and permit bankruptcy judges to reduce mortgage balances.
More info...
