Low mortgage rates elude ‘underwater’ homeowners
October 27th, 2011 | Posted in Loan | Comments OffOne in four homeowners with a mortgage — 11 million people — owe more than their home is worth. These “underwater” borrowers have virtually no shot at refinancing. Their plight is a drag on the housing market and the broader economy. The Obama administration is hoping at least 1 million of these borrowers will take [...]
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