The mortgage settlement and Maryland

Last week, Midday with Dan Rodricks on WYPR-FM looked at the $25 billion mortgage settlement reached with major banks and 49 attorneys general. Panelist Vicki King Taitano, director of Maryland Legal Aid’s Foreclosure Legal Assistance Project, called the settlement “positive.”

“I think refusal [by banks] to do principal reduction has been a big problem,” Taitano said. “This is a lot of money. If loans can be reduced to fair-market price . . . I’m hopeful this will make a big difference for a lot of people.”

To hear the broadcast, click here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s