"Lifeline Refinance" Program Available To Maryland Homeowners With Exotic Mortgages
According to a Baltimore Sun piece, the program was established last June and has been set up to provide $20 million in relief for borrowers falling behind on loans with adjustable rates and balloon payments. According to the report, however, no one is taking advantage of it; fewer than a dozen people have applied, even though the program can serve 100. For more, see Forestalling foreclosures.
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