Fannie Mae and Freddie Mac will modify loans under Obama's plan. Housing and Urban Development Secretary Donovan said "6 million families in the U.S. may face foreclosure". "we expect to see large numbers of loan modifications... and it would cause foreclosure rates to drop as soon as April. (PRWeb Mar 4, 2009)
Read the full story at http://www.prweb.com/releases/2009/03/prweb2201464.htm
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[Source: PRWeb: Home and Family Banking / Personal Finance]
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