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U.S. House Committee to Hold Subprime Hearing
April 9, 2007
The House Financial Services Committee will hold a hearing later this month to determine how best to stop the recent surge in subprime mortgage foreclosures. Good luck, guys.
It had to happen sooner or later. The House Financial Services Committee announced Friday that they would be holding hearings in mid-April to address the precipitous rise in home loan foreclosures.
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On April 17, the committee will invite members of the lending community, government agencies, and consumer advocacy groups to testify on their plans to stem the tide of mortgage defaults focused on the subprime category.
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