CHARLOTTE -- Hundreds of people hoping to stay in their homes turned out for a chance to refinance their mortgages at an event in North Carolina's largest city sponsored by a nonprofit group.
The Charlotte Observer reported that the Neighborhood Assistance Corporation of America sponsored the five-day event that started Thursday.
The group is offering to serve as a middleman between lenders and homeowners. About 350 counselors from the nonprofit were on hand Thursday, as well as lender representatives from the banks.
Among those who got help is 41-year-old Katherine Falen of Atlanta, who left with a 3 percent mortgage from Wells Fargo, barely half her previous interest rate.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
Again the gov't and banks
Again the gov't and banks helping those who are not responsible to handle their money affairs at the cost of those who have jobs, savings, etc. I wish I could refi for 3%