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White House nears plan to freeze subprime rates

Story date: 2007-12-05 12:18:00
Added on: 2007-12-05 15:32:10


CNN Money - The rates would be frozen if borrowers meet certain criteria, including being current on payments and being able to prove they cannot afford a higher rates. Officials caution that representatives of the mortgage industry have yet to agree to this, but ...


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