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FHLBs to Facilitate HOPE For Homeowners LoansThe 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... Subscribers have free access to the archives. Click here. | |||||||||||||||||
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| © Copyright 2008, Inside Mortgage Finance Publications 7910 Woodmont Ave., Suite 1000, Bethesda, MD 20814 Tel: (301) 951-1240; Fax: (301) 656-1709 All rights reserved. Photocopying or electronic distribution of this web page or any of its contents without prior written consent of the publisher violates U.S. copyright law, and is punishable by statutory damages of up to $150,000 per infringement, plus attorneys' fees (17 USC 504 et seq.). Without advance permission, illegal copying includes regular photocopying, faxing, excerpting, forwarding electronically, and sharing of online access.  | |||||||||||||||||
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