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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 This material may not be published, broadcast, rewritten or redistributed.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 64 64 16,477
MORTGAGES 72 72 21,504
FORECLOSURE NOTICES 26 26 4,292
BUILDING PERMITS 0 0 39,378
BANKRUPTCIES 69 69 15,611
BUSINESS LICENSES 13 13 5,504
UTILITY CONNECTIONS 84 84 23,657
MARRIAGE LICENSES 37 37 5,072

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