Refinancing Plans Still Fail to Help Neediest

Refinancing Plans Still Fail to Help Neediest
More than 80% of homeowners behind on mortgage payments can’t get government loan modifications.

NEW YORK (MainStreet) — Are low-income Americans still too risky for Wall Street?

You bet your Bottega Veneta woven leather briefcase they are.

Fitch Ratings has released data saying that, as far as continued low-interest rates go, they won’t do much good for those risky “subprime” borrowers bankers and lenders are trying to sidestep on their way to Wall Street every morning.

Read more at Refinancing Plans Still Fail to Help Neediest.

Bookmark and Share

Tags: ,

Reply