http://www.baltimoresun.com/business/realestate/bal-te.mortgage06dec06,0,3279463.story?coll=bal-nati...
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the program would be available only for owner-occupied homes - to ensure the break is not given to real estate speculators.
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many of the agreement's supporters also were quick to highlight its shortcomings: The plan does not help borrowers who have already fallen behind on their mortgage payments, nor does it help borrowers the industry determines can afford higher monthly payments when their rates adjust upward.
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Mark Zandi, chief economist for Moody's Economy.com, called the plan a good first step but said the government eventually will have to go further, given the problem's size and the threat to the economy.
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