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VOL. 127 | NO. 62 | Thursday, March 29, 2012

Regions Bank Sets $1B Goal for Homeowner Relief

AP

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BIRMINGHAM, Ala. (AP) Regions Bank said Wednesday that it has set a goal of providing $1 billion in relief to homeowners this year under a federal program.

Homeowners with loans owned by Fannie Mae and Freddie Mac, the government-sponsored mortgage companies, may be eligible for refinancing their home loans or having fees reduced or eliminated.

The Obama administration's refinancing program, the Home Affordable Refinance Program, accounts for more than 20 percent of refinancing nationwide. It was established in 2009, after the financial crisis.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 123 545 12,897
MORTGAGES 125 622 16,758
FORECLOSURE NOTICES 36 88 3,301
BUILDING PERMITS 360 1,065 30,564
BANKRUPTCIES 64 368 12,343
BUSINESS LICENSES 25 114 4,489
UTILITY CONNECTIONS 82 556 18,894
MARRIAGE LICENSES 21 126 3,909

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