Archive for November 12th, 2008

House hearing spotlights mortgage rescue plans

Continue Reading Add comment November 12th, 2008

Rep. Barney Frank, chairman of the House Committee on Financial Services, highlighted the need for a bailout program for troubled homeowners on Wednesday. But he stressed that not all borrowers should necessarily be rescued.

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U.S. mortgage plan falls short

Continue Reading Add comment November 12th, 2008

The federal government’s plan to streamline modifications of troubled loans held by Fannie Mae and Freddie Mac won’t help the majority of people threatened with foreclosure, experts said.

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