WASHINGTON, DC – March 3, 2011 – (RealEstateRama) — Rep. Carolyn Maloney (D-NY) today introduced an amendment to H.R. 830, “FHA Refinance Program Termination Act”, sponsored by Rep Robert J. Dold (R-IL), to require 500,000 additional underwater mortgages be refinanced by the Federal Housing Administration before the refinance program is terminated. Maloney made the following statement in introducing the amendment today in a markup on the bill before the House Financial Services Committee:
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