Via the WSJ
BY RUTH SIMON, NICK TIMIRAOS AND DAN FITZPATRICK
State and federal officials are pushing a plan that could help some "underwater" borrowers get refinancing assistance in the latest government bid to break a legal impasse with big banks over alleged foreclosure abuses and ease problems in the housing market.The proposal was raised in a meeting last week between government negotiators and giant lenders as part of an effort to settle allegations of questionable foreclosure practices. Discussions are still fluid and any final outcome is uncertain. Talks between government officials and the banks are expected to continue this week.
Will this help shore up the housing market and increases demand in the economy? Thoughts/opinions?
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