Senator unveils plan to refi 8 million underwater borrowers

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Senator unveils plan to refi 8 million underwater borrowers Lawmakers press Geithner to release AIG escape plan Jon Prior was a reporter with HousingWire through late 2012.

White House unveils mortgage-relief plan By. An estimated 2 million to 3 million FHA borrowers will be eligible to benefit from the revamped program, the administration said.. Read about how.

Rick Scott and Senate Republicans have different plans. 8.4 billion in relief to Florida to address the mortgage foreclosure crisis by providing a variety of services to troubled borrowers.

Monday Morning Cup of Coffee: Low-down loans coming back Monday Morning Cup of Coffee .. with more coverage to come on bigger issues: Link to the rest of the article:. The two largest also being government owned and operated means that they have less time to wait to make money back on the home.

WASHINGTON (AP) – President Barack Obama is aiming mortgage relief at members of the military as well as homeowners with government-insured loans, the administration’s latest efforts to address a persistent housing crisis. In his first full news conference of the year Tuesday, Obama was to.

Obama Unveils Mortgage Plan. seven and nine million families restructure or refinance their mortgages so they can avoid foreclosure.. mortgage markets will help these borrowers to secure.

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A government program that allows borrowers with little or no equity in their home to refinance has helped about 60,000 homeowners so far, according to government data released Thursday.

The plan is expected to initially help 2.2 million borrowers get new loans. of the principal to be deferred free of interest to the end of the loan. Borrowers who sell or refinance before paying.

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Refi plan: If homeowners win, someone else loses – SFGate – The government’s new plan to let more underwater homeowners refinance their mortgage is a good deal for homeowners who qualify, but for every dollar they save in monthly payments, someone will.

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Congress Could Help ‘quantitative easing’ reach main street. plan to help up to 8 million underwater borrowers refinance their homes into government-backed loans. The plan would leverage.

Underwater homeowners may get additional federal assistance for refinancing government-backed loans under a proposal being revived in the U.S. Senate. Democratic Senators Robert Menendez of New Jersey.

Housing Wire – "Senator unveils plan to refi 8 million underwater borrowers" (7-25-12) "Sen. Jeff Merkley, D-Ore., submitted a new plan Tuesday for the government to buy up to 8 million underwater mortgages and refinance them into lower rates."

In his first full news conference of the year Tuesday, Obama was to announce plans to let borrowers with mortgages insured by the Federal Housing Administration refinance at lower rates, saving.