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Loan Modification

: Loan Modification & Home Loan News

Three States Craft Programs For Distressed Borrowers

By Moe Bedard

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Three hard-hit states have proposed using federal funds to pay down loan balances for distressed borrowers and to subsidize mortgage payments for the unemployed. The proposals come in response to a foreclosure-prevention effort by the Obama administration, which set aside $1.5 billion for the five states hardest hit by the housing crisis: California, Florida, Michigan, Arizona [...]

Full post as published by Loan Modification & Home Loan News on April 27, 2010 (boomark / email).

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