CARES Continues Efforts To Address Market Crisis

Posted by Orb Staff on September 22, 2008 No Comments
Categories : Mortgage Servicing

The Committee for Actual Real Estate Solutions Inc. (CARES), a nonprofit entity composed of attorneys and other professionals, says it has recently focused on several targeted legislative and organizational initiatives designed to achieve solutions to the current problems in the mortgage market.

CARES board and member delegates are expected to continue holding meetings with several U.S. Senate Chiefs of Staff, as well as promote the organization's initiatives with other leaders in Washington.

One effort has centered on the role of attorneys in home-retention programs. ‘At the request of Senate officials, we have drafted statutory language allowing attorneys to play a broader role in home retention and keeping families in their homes,’ says Robert J. Hopp, president of CARES. ‘This language, along with the advancements of other initiatives, will be central to the resolution of our current and future challenges.’

In addition to Hopp, the board has selected Ted May of Rockville Centre, N.Y.-based Sheldon May & Associates LLC, to serve as secretary and Richard Nielson of Newport, Ky.-based Nielson & Sherry PSC to serve as treasurer.

Source: CARES

Register here to receive our Latest Headlines email newsletter




Leave a Comment