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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 This material may not be published, broadcast, rewritten or redistributed.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 81 81 10,363
MORTGAGES 88 88 12,105
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 163 163 22,160
BANKRUPTCIES 64 64 7,154
BUSINESS LICENSES 19 19 3,624
UTILITY CONNECTIONS 113 113 7,777
MARRIAGE LICENSES 32 32 2,612

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