Monday, October 24, 2011

President Obama to Announce New Re-Fi Program For Those Who Owe More Than House Is Worth

The POTUS will be in Las Vegas from 11am - 3pm PDT, where he is expected to discuss details.  Nearly 30% of Virginia mortgage holders are in negative equity, and this kind of program could help them refinance -- if they choose to stay in their homes.

Related: The ProPublica guide to failed save-the-housing-market programs from the Obama Admin.

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