NewsDoober
03-29-2008, 12:44 PM
A Bush administration plan to aid borrowers whose mortgages are greater than the value of their homes may call on lenders to forgive part of the loans, the Washington Post said, citing unidentified government officials.Under the proposal, the Federal Housing Administration would encourage lenders to forgive parts of loans and reissue smaller mortgages in [...]
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More... (http://xenophilius.wordpress.com/2008/03/29/bush-plan-may-forgive-some-mortgage-loans-washington-post-says/)