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President Obama’s $75 Billion Foreclosure Plan

Wednesday, February 18, 2009

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First news on MarketWatch on Obama’s plan to help halt foreclosures. There are two programs. One to help 4-5m struggling home owners with loans owned or guaranteed by Fannie Mae or Freddie Mac to help them refinance. The other is a loan modification plan with government subsidies to lenders to reduce their monthly interest payments. Lenders responsible for [...]

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