This week we bring you news about aid for troubled homeowners and Bank of America foreclosing on people who’d either paid their loans on time or early.Refinancing: The New York Times reports that the Obama Administration is considering a refinancing program to help homeowners whose loan balances exceed their home values. The Times report U.S. homeowners owe $700 billion more than what their homes are worth. Bankrate’s Mortgages Blog says 70% of all mortgage applications in the first half of the eyar were from homeowners wanting to refinance.
Read the rest of the article at LoanSafe.org
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