November 30, 2007

Mortgage aid plan sparks hope and resentment (Reuters)

File photo shows a new home being built. A plan to freeze mortgage rates for troubled homeowners may help ease the U.S. housing crisis, but for wiser borrowers and those who have already lost their homes to foreclosure, such a plan seems unfair. (Will Burgess/Reuters)Reuters – A plan to freeze mortgage rates for
troubled homeowners may help ease the U.S. housing crisis, but
for wiser borrowers and those who have already lost their homes
to foreclosure, such a plan seems unfair.

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