Possible New Help for those underwater on their loans

From DS news:

> Government Officials Weigh New Refi Program

Word on the street is the administration is sizing up a new program that
would provide millions of homeowners with new, lower interest, lower payment
mortgages. The initiative would reportedly allow borrowers with loans backed
by Fannie Mae and Freddie Mac to refinance at today's rates, even if they
are in negative equity or have bad marks on their credit. Two Columbia
business professors say such a move would save homeowners an average of $350
a month and pump an extra $118 billion into the economy.
> > Read More



Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive)
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536

<http://www.sunilsethi.com/> www.sunilsethi.com

CA DRE#: 01173766