Geithner: Refinancing plan coming in 'next few weeks'

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

By Jonathan Sweet, Editor in Chief | October 6, 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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