May 05, 2008

An article yesterday about foreclosure victim Kwaku Atta Poku incorrectly described recently enacted foreclosure reform legislation.

The new laws lengthen the minimum time to complete a foreclosure from 15 days to more than four months, stiffen sanctions for mortgage fraud and crack down on fraudulent mortgage rescue schemes. A bill requiring mortgage lenders to verify a borrower's ability to repay was also enacted last month.

The Sun regrets the error.

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