WASHINGTON, DC – May 8, 2012 – (RealEstateRama) — Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing entitled “Expanding Refinancing Opportunities to Improve the Housing Market.” The Committee heard from HUD Secretary Shaun Donovan, discussed the state of the housing market and explored potential legislative and regulatory options to help responsible homeowners refinance their mortgages and avoid foreclosure.
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