Comment on 'Underwater' borrowers could get relief under Obama plan

'Underwater' borrowers could get relief under Obama plan

Seeking to stem foreclosures, the administration unveils proposals aimed at cutting principal on loans in default and refinancing 'underwater' borrowers, who owe more than their homes are worth. The Obama administration unveiled new measures Friday aimed at getting lenders to reduce the principal balances on problem mortgages and to refinance "underwater" borrowers, who owe more than their homes are worth, into government-sponsored loans.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News