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Home » FHLBs to Facilitate HOPE For Homeowners Loans
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FHLBs to Facilitate HOPE For Homeowners Loans

October 10, 2008
The Federal Home Loan Banks can establish temporary mortgage refinancing programs for low- and moderate-income troubled borrowers under an interim final rule released this week. The programs will help borrowers refinance into the HOPE for Homeowners program by funding of additional principal write-downs or closing costs. Each of the 12 Federal Home Loan Banks is required to contribute...
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