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26-03-2010, 09:23 AM
Reuters) - The White House plans to announce on Friday that it will require lenders to lower the mortgage payments of some unemployed workers and encourage lenders to eliminate some principal debt of homeowners who owe more than their home is worth, sources familiar with the plan said on Thursday.
Obamas 75bn dollar homeowner aid programme last year has not stemmed the tide of foreclosures.
How will we cope when the proverbial hit's the fan here?
Obamas 75bn dollar homeowner aid programme last year has not stemmed the tide of foreclosures.
How will we cope when the proverbial hit's the fan here?