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Six of the big mortgage companies involved the Hope NOW Alliance announced that the Alliance is expanding its efforts to help homeowners facing foreclosure. The rate freeze program announced by President Bush in December applied only to borrowers who were facing resets on subprime adjustable rate mortgages...
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Looks like people are finally starting to take the mortgage situation seriously, and by people we mean the federal government and major industry players. 'Bout time! There were several major and minor developments in the subprime arena this week that indicates that the people who can actually do something...