Similar Stories to 'underwater' Borrowers Could Get Relief Under Obama Plan on Bing News

L.A. Times - Business, Los Angeles Times: Business
Fri, 03/26/2010 - 5:42pm

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.

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Topics:  the obama   underwater borrowers   administration   principal   aimed   loans   worth   homes   
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