December 4, 2011
When it was announced in October, the federal government's revamped Home Affordable Refinance Program was seen as a way to keep more underwater families in their homes... Gary Painter, director of research for the USC LUSK Center for Real Estate, said homeowners with that attitude probably would have walked away by now, rather than staying current on their mortgages."They have proved that there must be something else going on other than the mortgage (being underwater)... For the full article: