Mortgage Bailout: Details on Rates and Incentives (BusinessWeek Online)

[riky]

Mortgage Bailout: Details on Rates and Incentives
    (BusinessWeek Online)

 


BusinessWeek Online - On Mar. 4 the Treasury Dept. released final guidelines for banks and homeowners looking to participate in a new $75 billion program called "Making Home Affordable." Among the new details of the program, which is now up and running: cash payments for mortgage holders who choose not to foreclose on borrowers and new rates as low as 2% for borrowers. The Obama Administration also indicated it will seek changes in bankruptcy laws to allow judges to restructure home loans in court.


You are not allowed to view links. Register or Login/news.yahoo.com/s/bw/20090305/bs_bw/mar2009db2009034993400