Monday, October 24, 2011

Government announces new program to help ‘underwater’ homeowners

View Photo Gallery —  A look at the Obama administration’s efforts in trying to help homeowners and bring the nation out of its housing slump.

By , Updated: Monday, October 24, 11:32 AM

The federal government on Monday announced new rules that would allow many more struggling borrowers to refinance their mortgages at today’s ultra-low rates, reducing monthly payments for some homeowners and potentially providing a modest boost to the economy.

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