Obama administration announces another mortgage refinance plan
In the administration's continuing effort to successfully help underwater borrowers be able to refinance their mortgages at today's record low interest rates, one more plan has been announced using FHA financing and costing from $5 to $10 Billion.
Here's more from the Washington Post.
But since it will require congressional approval, the odds of getting it approved are, as they say, slim and none, and slim left town.