Paulson Looking for New Ways to Lower Mortgage Rates
Posted December 17th, 2008 by adminMany mortgage insiders hope that the government jumps on board with the mortgage relief that has been promoted by Sheila Bair’s FDIC loan modification plan the renegotiates the mortgage balance to be reduced to 38% of the borrowers income versus the housing expenses. This will help millions of distressed homeowners avoid foreclosure and remain in [...]
Tags: FDIC loan modification plan, FHA loan, FHA’s short refinance, foreclosure crisis, Hope for Homeowners, HUD, mortgage relief
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