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Opinion: Mortgage industry reform efforts flounder
As of Tuesday, the federal government extended a lifeline to people referred to as underwater borrowers. They’re the estimated 500,000 to 1.5 million homeowners whose mortgages are worth more than the...
View ArticleLow mortgage rates elude ‘underwater’ homeowners
WASHINGTON — Today’s record-low mortgage rates are out of reach for millions of U.S. homeowners who would benefit from them most. One in four homeowners with a mortgage — 11 million people — owe more...
View ArticleObama to detail broader housing refinance plan
WASHINGTON — The Obama administration is trying to fix a stubborn drag on the economy by allowing millions of more homeowners to refinance their mortgages at lower interest rates even if they owe more...
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