Just In Time Lending

The mandate of the task team was to: Identify the primary causes for the current backlogs and delays in finalising debt restructuring, as envisaged by the relevant sections of the National Credit Act; Propose common standards and procedures which would facilitate the processing and finalisation of applications for debt counselling; Establish mechanisms through which credit [...]

Freddie Mac, Non-Profit Groups Team Up to Help Discouraged Borrowers Pursue Loan Modifications Freddie Mac and 13 national and local non-profit organizations today announced a pilot effort to convince discouraged delinquent borrowers to pursue mortgage workouts that can save their homes and steer clear of foreclosure. Read more on PR Newswire via Yahoo! Finance