Sheila Bair’s Loan Modification plan
Posted December 11th, 2008 by adminWith Treasury Secretary Henry Paulson giving little more than lip service to Bair’s plan, the chairman unveiled its details last month. First, housing payments for delinquent borrowers two months or more would be lowered to 31% of gross monthly income. To get there, mortgage rates could be set as low as 3% for five years, [...]
Tags: FHA loans, home loan modifications, Hope for Homeowners
Filed under:Published Foreclosure Article