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USDA Pilot Program Targets Negative-Equity

A little north of where the Mortgage Bankers Association is wrapping up its annual mortgage servicing conference, the secretary of the Department of Agriculture is promoting a streamline refinance program for negative-equity borrowers. U.S. Agriculture Secretary Tom Vilsack is in Orlando, Fla., to promote the Single Family Housing Guaranteed Rural Refinance Pilot Program. In addition [...]