Chelsea: Mortgages

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The Detroit Free Press reports that more people are starting to take advantage of the Making Home Affordable program, a federal initiative designed to adjust mortgages, enabling homeowners to keep their houses. Nicole McCoubrey of Chelsea is interviewed for the article, and said the program reduced her payments by more than $400 a month. But she doesn’t yet know if the adjustment is permanent: “I have absolutely no clue if they deny this, what happens from this point on.” [Source]