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What to Know in Washington: Economic Plan at Risk of Delays
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HEALTH CARE BRIEFING: Medicare Age Change Pushed in Budget Bill
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People News: Clarion Events, Music City Center, Diversified Communications and More Tap New Leadership, Appoint New Team Members
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People News: Clarion Events, Music City Center, Diversified Communications and More Tap New Leadership, Appoint New Team Members
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July 23, 2021 7:00 AM By Zachary Sherwood and Brandon Lee
The White House today announced plans to expand aid for mortgage borrowers who have fallen behind on payments during the coronavirus pandemic.
Enhanced assistance will be provided to homeowners with government-backed mortgages who have been negatively impacted by the pandemic, with the aim cutting some monthly payments by roughly 25%, according to a White House fact sheet.
The move is designed to more closely align options for mortgages backed by the Department of Housing and Urban Development, the USDA, and the Veteransâ Affairs Department with those offered for mortgages backed by Fannie Mae and Freddie Mac, the White House said. Read more from Kathleen Hunter.