"On Capitol Hill this week, lawmakers are set to continue to grapple with the best response to the rising tide of home foreclosures. But the Bush administration says it has a solution in place: A nine-month old mortgage refinancing program run by the Federal Housing Administration.
The program, called FHASecure, was launched in August. It has enabled subprime borrowers to switch to low, fixed-rate mortgages after they fell behind on payments because their adjustable rate mortgages reset to higher, unaffordable levels."
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Need a better mortgage? Call Uncle Sam
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