Are mortgage lenders doing enough to help? (The Springfield News-Leader)
Story date: 2007-10-24 01:06:27
Added on: 2007-10-24 21:00:28
Los Angeles -- Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans with interest rates set to adjust by the end of 2008. But as defaults and foreclosures snowball, the mortgage industry is under increasing pressure to do even more to help financially strapped borrowers hang ...
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