Fannie, Freddie plan mortgage program
China Daily | Updated: 2008-11-12 08:07
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News about Fannie Mae and Freddie Mac scrolls along the Dow Jones ticker in Times Square in New York. Bloomberg News |
Fannie Mae, Freddie Mac and housing industry officials plan a new mortgage modification program designed to cut payments for hundreds of thousands of homeowners facing foreclosure, according to people briefed on the matter.
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