Homeowner rescue plan unveiled
@ November 11, 2008 # No Comment Yet
In an effort to prevent more foreclosures, Fannie and Freddie are stepping up plans to modify hundreds of thousands of at-risk mortgages. Interim Assistant Treasury Secretary for Financial Stability, Neel Kashkari, hopes the move will help stabilize the flagging housing market.
The plan is to target loans made prior to Jan 1, 2008 that are 90 [...]