Skip to content

Government Unveils Plan to Shrink Some Home Loans

AP: The effort will let people who owe more on their mortgages than their properties are worth get new loans backed by the Federal Housing Administration, people briefed on the plan said. It would be funded by $14 billion from the administration’s existing $75 billion foreclosure-prevention program.


Comment count on this article reflects comments made on Breitbart.com and Facebook. Visit Breitbart's Facebook Page.