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- HOP Is Not A Plan
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I think the British term “scheme” might apply, however.And what, you ask, is HOP? It is the brainchild of the only Federal Deposit Insurance Corporation you happen to have, that’s what. Formally, it is the Home Ownership Preservation Loan: This proposal is designed to result in no cost to the government:* Borrowers must repay their restructured mortgage and the HOP loan.*…
Original Source
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1 May, 2008| housingblogs |
@ 16:55