Homeowners

Glenda F. (United States of America)
4 words 0 learners

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Full list of words from this list:

words only definitions & notes
  1. refinance
    renew the financing of
    The Obama administration on Friday announced broad new initiatives to help troubled homeowners, potentially refinancing several million of them into fresh government-backed mortgages with lower payments.
  2. foreclosure
    proceedings initiated to repossess the collateral for a loan
    The escalation in aid comes as the administration is under rising pressure from Congress to resolve the foreclosure crisis, which is straining the economy and putting millions of Americans at risk of losing their homes.
  3. aligning
    causing to fall into line or into position
    “The government is seeking to persuade people to stay in their homes by aligning the mortgage debt with the asset value, which is the only viable path to real housing stability,” said one person who was briefed on the government’s plans.
  4. modification
    the act of making something different
    Additionally, the government will encourage lenders to write down the value of loans held by borrowers in modification programs.
Created on 三月 26, 2010

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