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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 This material may not be published, broadcast, rewritten or redistributed.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 92 388 9,204
MORTGAGES 119 513 12,365
FORECLOSURE NOTICES 0 98 2,526
BUILDING PERMITS 0 960 20,801
BANKRUPTCIES 77 338 7,964
BUSINESS LICENSES 14 91 3,315
UTILITY CONNECTIONS 180 695 11,718
MARRIAGE LICENSES 33 147 2,815

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