Posted: March 4, 2009

CNNMoney reports on the details of the real estate stimulus.  In part:   The multipronged fix calls for companies to help as many 4 million struggling borrowers by modifying loans so housing payments are no more than 31% of monthly gross income. Separately, homeowners who haven’t missed a payment can refinance into lower-cost loans even… Continue reading Details of $75B Loan Modifications and Refinances Released