The Robbo Report

Awaiting Treasury, Banks Stall Foreclosures ·

Diana Olick: As precious few details emerge from the Treasury department on the $50 billion housing rescue plan, the big banks are temporarily halting foreclosures.

CNBC: Citigroup, JPMorgan Chase and Morgan Stanley said they had placed a moratorium on foreclosing on some home loans to give the government time to launch a $50 billion mortgage relief program.

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As Housing Prices Plunge, Refinancing Gets Harder Mortgage Industry, Appraisers Chafe At New Rules