Maryland Governor Martin O’Malley said yesterday that he wants the states mortgage servicers to start filing monthly reports on how they deal with bar a worse in the United States that are facing foreclosure. But Mollie once detailed reports on how these people are dealt with as there are thousands of Marylanders on the verge of foreclosure.

But Mollie is considering offering emergency no interest loans to struggling borrowers but needs detailed information collected from mortgage lender service providers so they can determine how much money to appropriate and how to run the programs themselves in a way that will work with the mortgage service providers and not burn borrowers like a contractor wielding a festool wood burning tool.

Under the governor’s initiative Maryland would become the second state, after California, to give mortgage servicers such scrutiny.

Maryland seeks U.S. mortgage servicer scrutiny | Reuters

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