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Gov't launches plan to help "underwater" borrowers

Associated Press/AP Online, 7 Sep 2010, 4:44 pm EDT

WASHINGTON - The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth.

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Ginnie Mae funds have been solid performers

USA TODAY, 7 Sep 2010, 5:00 am EDT

But only those backed by the government or packaged by Fannie Mae or Freddie Mac.

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The Dallas Morning News Jim Landers column

The Dallas Morning News, 7 Sep 2010, 4:08 am EDT

Sept. 07--In the last two years, Dallas-Fort Worth residents have cut the average balance on their consumer loans by a hefty $1,436.

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