U.S. tries to reduce more homeowners’ mortgages (Reuters) – 1860th Edition

5 06 2011

A sign advertising new homes starting at the price of $100,000 is displayed in Chandler Heights, Arizona June 2, 2011. Consumers turned more pessimistic in May, while home prices fell back below crisis-era lows in March, pointing to an economy that continues to struggle. REUTERS/Joshua Lott (UNITED STATES - Tags: BUSINESS)Reuters – The Obama administration wants to help more struggling Americans stay in their homes by reducing the amount they owe on their troubled mortgages, a top Treasury official said on Saturday.

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