Mortgage-Backed Security

Monday Morning Cup of Coffee 

A look at the stories on HousingWire’s weekend desk… with more coverage to come on bigger issues. Senate Banking Committee chairman Chris Dodd, D-Conn., and House Financial Services Committee chairman Barney Frank, D-Mass., sent a letter to the heads of bank regulators, asking them to look into whether banks are inflating the value of second mortgages on their balance sheets, discouraging proactive mortgage modifications and loan restructurings.