The Administration and the mortgage industry came to an accord yesterday to freeze loan rates and offer relief for some sub-prime mortgage borrowers. Here's the salient details.
Borrowers...
Current on payments get to keep low introductory rates for five years. Salvation!
Delinquent on payments: Screwed.
Who can afford higher monthly payments: Screwed.
Lenders Agree to Freeze Rates on Some Loans [NYT]
(Photo: amyadoyzie)
New York, 4:26 AM
Mon Jul 6
6 posts in the last 24 hours
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