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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 This material may not be published, broadcast, rewritten or redistributed.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 91 171 7,445
MORTGAGES 115 213 9,357
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 202 335 16,562
BANKRUPTCIES 70 123 6,108
BUSINESS LICENSES 31 59 2,747
UTILITY CONNECTIONS 71 192 8,856
MARRIAGE LICENSES 26 70 2,019

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