GSE chief says mortgage aid plan should be model

Filed Under (Personal Finance) by admin on 13-11-2008

Director of the Federal Housing Finance Agency James Lockhart speaks during a news conference about a plan to ease mortgage payments for troubled borrowers through mortgage finance giants Fannie Mae and Freddie Mac in Washington November 11, 2008. (Joshua Roberts/Reuters)Reuters - U.S. mortgage finance companies should soon adopt a foreclosure prevention plan developed by Fannie Mae and Freddie Mac to ease loan terms for troubled borrowers, the companies' overseer said on Thursday.

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