by Dean Engle Loan modifications, specifically principal write-downs will be the answer to many people's mortgage needs. Interesting. The Solution For Negative Equity - Loan Modifications The Hope for Homeowners initiative passed by Congress in July and officially launched a month-and-a-half ago to much acclaim, is a potentially positive FHA insurance package aiming to insure $300B of new mortgages for borrowers in a “negative equity position. Negative equity refers to loans that are...
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Monday, April 6, 2009
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