Forclosure protection sought for those with high-risk loans
Tagged: foreclosurePosted on: April 5th, 2007“Civil rights groups called Wednesday for a six-month moratorium on foreclosures resulting from high-risk loans given to people with shaky credit, arguing that lenders should help borrowers refinance their mortgages ”” or face lawsuits.
A coalition of advocacy groups said mortgage lenders should immediately halt foreclosures on so-called subprime mortgage loans made at high interest rates to people with weak credit histories.”
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Filed Under: Real Estate, Top Stories, Your Money
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