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09/03/07
Help on way in mortgage crisis
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:20 pm

Some homeowners with risky subprime adjustable-rate mortgages will be able to refinance before they lose their homes to foreclosure, with the help of steps President Bush will announce today, senior administration officials said Thursday night. An estimated 80,000 homeowners with bruised credit and subprime ARMs they can no longer afford will be able to refinance their loans, which the Federal Housing Administration would insure.  More…

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