US lays out sweeping program to ease mortages (AFP)

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

Bank-owned houses, standing side-by-side in deteriorating condition, are seen in August 2008 in Moreno Valley, California. The US government Tuesday announced a sweeping program to ease payment terms for hundreds of thousands of homeowners struggling to service mortgages held by home finance giants Fannie Mae and Freddie Mac.(AFP/Getty Images/File/David Mcnew)AFP - The US government Tuesday announced a sweeping program to ease payment terms for hundreds of thousands of homeowners struggling to service mortgages held by home finance giants Fannie Mae and Freddie Mac.

--- AFP ...

Leave a Reply