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The administration is to announce a turbo-charged HARP (Home Affordable Refinance Program) today in Nevada, the foreclosure capital of the United States designed to allow underwater homeowners who are current on their mortgage to refinance at lower rates if their loans are owned by either Fannie Mae or Freddie Mac in a streamlined ...
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Bill Seidman was head of the FDIC during the Savings and Loan crisis in the late 1980's and early 1990's and worked with Congress to create the Resolution Trust Corp. to solve the mess. Most recently, he was the chief commentator for CNBC.
Bloomberg reports: William Seidman, Who Led Cleanup of S&L Crisis, Dies
An interesting tidbit ...
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