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Federal Reserve Unveils Plan to Modify Mortgages

Discussion in 'Economics and Financials' started by Fin Fan In Cali, Jan 27, 2009.

  1. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    http://www.foxbusiness.com/story/markets/federal-reserve-modify-mortgages/

    The Federal Reserve plans to modify mortgages it controls in order to help reduce foreclosures, Fed Chairman Ben Bernanke said on Tuesday -- though there's basically no way for homeowners to determine whether they are eligible, and they'll likely have to wait for a call from a mortgage servicer to know for sure.
     

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