Geithner: Refinancing plan coming in 'next few weeks'

Printer-friendly versionSend by email

Treasury secretary tells Senate committee new government plan is on its way

October 06, 2011

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, including people who owe more than their homes are worth.

Comments on: "Geithner: Refinancing plan coming in 'next few weeks'"

March 2014

This Month in Professional Builder

Products

For all of its fiberglass doors, Jeld-Wen now incorporates Neopor, an exclusive technology from BASF that has advantages over the industry-standard urethane core.

Features

Trade-specific occupations represent 64 percent of all jobs in the residential construction industry, and carpenters represent almost half of those construction jobs.