Friday, March 26, 2010

Something

The devil is in the details and it sounds like this might not be aggressive or generous enough, but hopefully it's a step in the right direction.

The new aid programs, funded from the $50 billion allocated to housing rescue under the Treasury Department's Troubled Asset Relief Program, will also allow borrowers to erase mortgage debt down to a maximum of 115 percent of their home's value by refinancing through the Federal Housing Administration.