SECURE NETWORK SET-UP TO HELP HOUSING LENDERS AND BORROWERS EXCHANGE INFORMATION

April 11, 2011 – (RealEstateRama) — A new program that allows housing lenders and borrowers to easily exchange information is aimed at helping both sides work out a settlement agreement in foreclosure cases. The program centers on the launch of a secure online network that enables parties to more efficiently exchange documents during mediation. Chief Justice Randall T. Shepard explained the importance of the network. “The success of settlement conferences can depend on whether all the necessary paperwork is in place. We are giving both sides another tool to collect and review all the information needed to work out an agreement.”