11
Nov
Critics say new federal mortgage plan not enough (AP)
Filed Under (Finance) by on 11-11-2008
AP - Once again, the government has offered another plan to help troubled homeowners. Once again, critics say it doesn’t go far enough. The plan announced Tuesday by federal officials and mortgage giants Fannie Mae and Freddie Mac sounds sweeping in its approach: Borrowers would get reduced interest rates or longer loan terms to make their payments more affordable.
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