Geithner: Refinancing plan coming in 'next few weeks'

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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.

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