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Senate moves toward easing mortgage terms
Category - Real Estate Information Sources - Real Estate Information General

Trying to curb home foreclosures, the U.S. Senate voted Wednesday to make it easier for homeowners with risky credit to switch to a lower-cost mortgage backed by the government. The bill also reduces fees that banks must pay for the government to insure deposits. While both steps put taxpayer money on the line, lawmakers say the legislation is needed to shore up the economy.

Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n3-050709.cfm

 
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Real Estate Information Sources - Real Estate Information General
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