Forclosure protection sought for those with high-risk loans

Posted on: April 5th, 2007
Filed Under: [ Top Stories ] [ Real Estate ] [ Your Money ]
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“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.”

Source: http://www.app.com
Fuente Traducido: usando Google o Altavista/Babel Fish

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