HUD’s Carson Says He Wants Money for Hard-Hit Mortgage Servicers
- Carson tells Fox News that some companies lack ‘deep pockets’
- He doesn’t say whether Fed, Treasury should pursue bailout
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U.S. Housing and Urban Development Secretary Ben Carson said money should be set aside to help mortgage-servicing companies that are at risk of failing as millions of borrowers miss loan payments.
“Obviously, we want there to be money to help the servicers of these mortgages because some of them don’t have deep pockets,” Carson said in a Thursday interview with Fox News. “The housing-finance structure needs to be maintained. It’s not just the people who took out the mortgage.”