Next, you should either own your home outright, or have a very low mortgage balance. (personalhomeloanmortgages.com)
These programs lower mortgage balances and payments for certain seriously delinquent borrowers who owe more on their mortgage loans than their homes are worth. (nar.realtor)
The administration wants the two mortgage giants to join the Federal Housing Administration program that lowers mortgage balances of homeowners with first mortgages larger than their home values, The Wall Street Journal reports, citing «people familiar with... View Article (totalmortgage.com)