Mortgage plan gives billions to homeowners, but with exceptions

 

Source: Nelson D. Schwartz and Julie Creswell, NY Times ( Free Registration )

As state and federal authorities announced the details of their $26 billion mortgage settlement with big banks on Thursday, millions of American homeowners were hoping that this time they would finally get relief.

Some, like Jessica Cooper of Toledo, Ohio, will discover the program’s limitations.

Read Full Article: Mortgage plan gives billions to homeowners, but with exceptions

Tags/Keywords

housing, mortgages, foreclosures, homeowners

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