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Mortgage Settlement Update: A Refinance Plan for Certain borrowers with Negative Equity

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Mortgage Settlement Update: A Refinance Plan for Certain borrowers with Negative Equity

The following report suggests that a refinance plan for borrowers with negative equity might be part of any mortgage settlement. This would only apply to mortgages owned by the banks – and for borrowers who are current. From the WSJ: New Mortgage Plan Floated The plan under consideration would make refinancing available to some...
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