Dec 19, 2008

Hope for Homeowner Refinance Loan Program is a flop

HUD Secretary Steve Preston told today’s Washington Post that the program is a flop: Only 312 people have applied because it’s "too expensive and onerous for lenders and borrowers alike."

Full story here:
http://www.propublica.org/article/foreclosure-hope-for-homeowners-program-still-hopeless-1217

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