Why Borrowers May Not Benefit From Rate Cut
Story date: 2007-12-11 05:04:00
Added on: 2007-12-11 19:00:25
Wall Street Journal - The federal government has outlined a "rate freeze" program that calls on mortgage servicers to modify certain subprime-mortgage loans to avoid foreclosure. A recent report from the Federal Reserve Bank of New York shows that the six-month Libor rate ...
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