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.

Topics:  the obama   underwater borrowers   administration   principal   aimed   loans   worth   homes   
BING NEWS:
  • Borrowers feel ‘hopeless’ as debt relief flip-flops at the whim of those with power over their student loans
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    09/6/2024 - 2:29 am | View Link
  • Tracker: Student Loan Debt Relief Under the Biden-Harris Administration
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    09/4/2024 - 2:00 am | View Link
  • Millions of student-loan borrowers are losing a key debt relief program in 30 days
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    08/31/2024 - 10:16 pm | View Link
  • ‘All so confusing’: Student loan borrowers in limbo after courts halt a popular plan
    The dueling court cases seeking to overturn the Save repayment plan are creating a harmful ripple effect throughout the federal student loan system.
    08/29/2024 - 8:52 am | View Link
  • What borrowers need to know after the Supreme Court kept Biden’s student loan repayment plan on hold
    Millions of student loan borrowers are in limbo after the Supreme Court kept a block in place on President Joe Biden’s student loan repayment plan.
    08/29/2024 - 6:09 am | View Link
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