Gov’t launches sweeping new loan aid effort (AP)

Filed Under (Personal Finance) by on 11-11-2008

Troy Courtney stands on the porch of his Mill Valley, Calif., home on Saturday, Nov. 1, 2008. His family is about to move out of the house following a foreclosure.  (AP Photo/Noah Berger)AP - The government and the mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac.

--- AP ...

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