Posted: 12/5/2007 1:46:32 PM EDT
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My banker stopped in today and we got talking about the Governments’ attempt to fix the mortgage default problem. He asked me to encourage anyone having problems meeting their payments due to runaway interest rates to contact their lender and let them know. The lenders are eager to work something out with people rather than have them default on the loan. In some cases they are cutting rates and freezing them. |