Safeguard Properties - MBA Chairman Robbins Testimony on Foreclosure Avoidance Remedies

MBA Chairman Robbins Testimony on Foreclosure Avoidance Remedies

Tuesday, 09 October 2007

Mortgage Bankers Association (MBA) Chairman John M. Robbins testified before the House Financial Services Committee. The hearing was titled, "Legislative and Regulatory Options for Minimizing and Mitigating Mortgage Foreclosures."

Chairman Robbins discussed two primary concerns;

how to help homeowners, particularly resident homeowners, avoid foreclosure and stay in their homes and;
how to restore liquidity and stability to the full mortgage market and other credit markets going forward.

Chairman Robbins commended the recently announced FHASecure Initiative along with other initiatives designed to address the aforementioned concerns.

To view the full statement please click here.

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Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, OH and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 425 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.