Fannie Mae?s new ?Home Affordable? program is set to be rolling out in a few days, but the specific details are hard to come by. The intent of the program is to reward those who have been responsible and making their payments on time, but have lost equity due to market conditions. This should be a great boon to those who want to stay in their homes and take advantage of the current low rates.
In other economic news, the G20 is meeting this week in London to try to get some global agreement on measures to fix the global economy?yes, we?ve got it bad, but so do Japan, Germany, and the UK.Email This Post To a Friend.