July 12, 2024

San Diego real estateSEATTLE–(BUSINESS WIRE)–As part of a borrowers' assistance program designed to help WaMu homeowners with subprime mortgage loans stabilize their finances and avoid foreclosure, Washington Mutual today announced a commitment to refinance up to $2 billion in subprime loans at discounted interest rates.

Under the program, WaMu subprime borrowers who remain current on their existing loans and anticipate pending payment increases may apply for new discounted fixed-rate loans or other mortgage products available to them.[tags]subprime loans,real estate bubble,housing bubble[/tags]San Diego Realtor

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