The Details

The Details Here are the details to the program: 1) 3.9 billion for neighborhoods hardest hit by foreclosures. 2) Help struggling homeowners get new cheaper loans. 3) Help Freddie Mac and Fannie Mae with a cash infushion. 4) The bill would let hundreds of thousands of homeowners trapped in mortgages they can't afford on homes that have plummeted in value escape foreclosure by refinancing into more affordable, fixed-rate loans backed by the Federal Housing Administration. 5) Lenders would have… More information...

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