Senate moves toward easing mortgage terms
May 7th, 2009 | By Gregory Arzumanov | Category: Financial NewsWASHINGTON May 7, 2009 Trying to curb home foreclosures, the Senate voted on Wednesday to make it easier for homeowners with risky credit to switch to a lower-cost mortgage backed by the government.
The bill, passed 91-5, also would give banks a break by reducing fees they must pay for the government to insure [...]