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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (31520)	3/22/2008 9:23:16 AM
From: elmatador	Read Replies (2) \| Respond to of 217737

Bush considers 'radical approach to alleviate the foreclosure crisis by helping homeowners refinance homes that have fallen in value while protecting the government against losses on the loans. HUD says: "I just made a proposal this morning to the White House for those loans that are under water. We will insure 80 to 85 percent of the loan — give ourselves some leeway even if it falls a little more," he said. The proposal has not been approved by the White House but might be "soon," said HUD spokeswoman DJ Nordquist. "We'd like to get those loans right-sized up" and "use the FHA where we can" to alleviate the foreclosure crisis, she said. washingtontimes.com