Borrowers gain options for lower interest mortgage rates and principal reductions - lenders have 45 days to respond (India Daily)
Story date: 2008-06-16 09:45:06
Added on: 2008-06-16 23:11:14
Hope Now Alliance will announce Tuesday something that will help the housing market, the borrowers and the lenders. The large lenders such as Countrywide and Wells Fargo have agreed lenders will have 45 days to decide whether they are willing to renegotiate the loan of a struggling borrower.
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