Against a backdrop of record-low new home sales and another round of heavy losses expected from Fannie Mae, Housing Secretary Shaun Donovan told Senate lawmakers the lending industry is set to launch its foreclosure prevention program next week.
Details about which borrowers can qualify will be released Wednesday, but Donovan said the plan will allow borrowers with big debts from car loans, credit cards and unaffordable mortgages to have their home loans modified to lower the monthly payment, even if they are not in default...
Read more homeowner help by april?..
Source: breitbart
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