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Bush's plan for aiding homeowners is less than it appearsQuicklink Submitted By Sheila Samples No comments
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| Many borrowers in markets that are seeing the biggest price corrections won't qualify for FHA help if they lack the required 3 percent of equity in their homes. Many homeowners in these markets now have new houses that are worth less than their outstanding loans. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.
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