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Monday, December 05, 2005


Marketplace: NOLA mortgages

When New Orleans is reborn, who will own it? Part of the answer depends on how many home mortgages are foreclosed

Marketplace: NOLA mortgages (audio)

Text from the Seattle Times: FHA offering mortgage relief for hurricane victims

Gulf coast homeowners with mortgages received three-month forebearances on their loans, but now many banks are starting to demand payments. The Federal Housing Administration will step in to provide interest-free loans covering one year's mortgage payments to the 20,000 homeowners with Federally insured loans, as long as those homes will be habitable within that time period.

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