Thursday, March 13, 2008

New foreclosure rescue plan offers 'Help Now'

"A bold new proposal to combat foreclosures was unveiled in Washington on Thursday.

The plan, dubbed 'Help Now,' was floated by the National Community Reinvestment Coalition (NCRC), a nonprofit community advocacy group. It calls for the government to buy up at-risk loans, restructure the terms to make them affordable and sell the reworked loans back into the secondary market."

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New foreclosure rescue plan offers 'Help Now' - Mar. 13, 2008

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