US lays out sweeping program to ease mortages (AFP)

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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 ...



categoriaPersonal Finance commentoNo Comments dataNovember 11th, 2008

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  • Mortgage applications sink to 8-year low (Reuters)