NCUA Board Chairman Debbie Matz has urged credit unions to "redouble" their efforts to help Americans who are struggling with heavy mortgage debt and other real estate loans.
"In these extraordinary times, when so many homeowners are underwater in their mortgages through no fault of their own, I believe credit unions should evaluate every possible remedy to help responsible borrowers-especially those who are victims of the real estate market crash and those who are unemployed," said Matz in a March 26 statement.
But there is one credit union member who hopes his credit union, Pentagon Federal Credit Union, takes the chairman's words to heart and allows him to finally sell his house in a short sell. That house was built to be his dream home-at least until he and his wife got too old and ill to climb stairs or deal with the oversized home.
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