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Geithner: Refinancing plan coming in 'next few weeks'

Byline: 
Jonathan Sweet, Editor in Chief
Publication Date: 
Thu, 2011-10-06 14:00
Article Image: 

Details are scarce, but another government plan to help underwater homeowners should be announced in the next few weeks, Treasury Secretary Tim Geithner said at a Senate Banking Committee hearing today.

According to Geithner, the Federal Housing Finance Agency is examining a set of programs that would make it much easier for people to refinance at today's record-low rates [1], including people who owe more than their homes are worth.

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Source URL: http://www.housingzone.com/financials/geithner-refinancing-plan-coming-next-few-weeks

Links:
[1] http://www.housingzone.com/financials/mortgage-rates-hit-record-low-under-4-percent