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Aid plan could lower payments on more underwater mortgages |
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Written by USA Today
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Friday, 26 March 2010 |
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Article Source: USA Today
After months of criticism that it hasn't done enough to prevent foreclosures, the Obama administration is announcing a plan to reduce the amount some troubled borrowers owe on their home loans. The effort will let people who owe more on their mortgages than their properties are worth get new loans backed by the Federal Housing Administration, a government agency that insures home loans against default.
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What we are conditioned to experience... Where does the belief come from? Your belief or someone else's belief?
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