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A sweet deal, Fannie and Freddie launch a new program to allow certain underwater homeowners to...

A sweet deal, Fannie and Freddie launch a new program to allow certain underwater homeowners to walk away and face a so-called deed-in-lieu rather than foreclosure. "Extraordinarily generous," says University of MD's Phillip Swagel. "We're giving people an incentive to walk away right when the housing market is starting to right itself."
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Comments (1)
  • J Mintzmyer
    , contributor
    Comments (5836) | Send Message
     
    Interesting. Great to see a quote from my international economics professor from last semester!!
    28 Jan 2013, 09:58 AM Reply Like
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