House Panel Passes Distressed Mortgage Refi Plan; Frank
Threatens Servicers

A bill that would allow the government to guarantee up to $300 billion in refinancing activity tied to distressed mortgages passed a key vote Thursday in the House of Representatives Financial Services Committee, after being approved by a wide margin of 46 to 21. The bill — H.R. 5830, the FHA Housing and Homeowner Retention [...]

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