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GLOZAL's Blog – October 2010 Archive (3)

GMAC Joins BofA in Lifting Foreclosure Freeze

GMAC Mortgage has lifted its temporary suspension of foreclosure sales and evictions, a spokeswoman said, joining Bank of America in retreating from a freeze that sparked a nationwide crisis over major banks'…

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Added by GLOZAL on October 19, 2010 at 10:05pm — No Comments

Foreclosures Halt May Hurt Recovery: Fed's Fisher

Moratoria on home mortgage foreclosures could hamper a recovery in the housing market and hurt economic growth overall, a top Federal Reserve official said Tuesday.…

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Added by GLOZAL on October 19, 2010 at 4:12pm — No Comments

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