Aug
26th
Fri
26th
A Lifeline for Underwater Homeowners
Help may finally be on the way for borrowers stuck in high-interest-rate mortgages. Shaila Dewan and Louise Story reported in The Times that the White House is considering a proposal that would ease refinancings for millions of underwater homeowners whose loans are owned or backed by Fannie Mae and Freddie Mac, the government-controlled mortgage companies.
