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Homeowners ask: Where is my bailout? – Since the mortgage mess began unfolding two years ago. hundreds of readers are asking: Where’s my bailout? With the Obama administration set to announce details of a comprehensive foreclosure.
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· How the Government Mortgage Bailout Affected the Economy and You. the bailout bill gave banks the freedom to start making loans again.. HARP helped the housing market a little. It allowed 810,000 credit-worthy homeowners to refinance with lower mortgage rates. Only 57,171 were more than 5 percent upside-down in their mortgages.
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