Homeowners want help from $40B bailout

October 31, 2008 08:23AM

Some homeowners who have no trouble paying their mortgage but are now “underwater,” owing more than their homes are worth, want help from the government’s $40 billion rescue program. Government officials say most mortgages will be revamped so homeowners will have more affordable monthly payments, and reductions in loan balances will be a last resort.

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