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04/21/07
Mortgage giants may help borrowers
Filed under: General, Mortgages
Posted by: Lillian Wong @ 4:44 pm

WASHINGTON - The heads of Fannie Mae and Freddie Mac said Tuesday the mortgage finance giants are developing new types of loans to help distressed borrowers with high-risk mortgages keep their homes at a time of rising foreclosures. A key federal regulator also urged lenders to step in now and extend flexible terms to struggling homeowners.  More…

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