New York, 9:12 AM
Sun Oct 12
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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)
8:59 AM on Thu Dec 6 2007
By Ben Popken
1,603 views
Consumerist
