Politics for Pros- moderated Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MulhollandDrive who wrote (313844)	7/9/2009 11:05:24 AM
From: DMaA	5 Recommendations Read Replies (1) of 793846

Democrats have learned nothing, are incapable of learning: boston.com Frank proposes home loan plan for jobless $2b program part of package designed to prevent foreclosures By Jenifer B. McKim Globe Staff / July 9, 2009 Congressman Barney Frank wants to prevent unemployed homeowners from losing their houses by giving them government money to pay their mortgages. The Newton Democrat, chairman of the House Financial Services Committee, will hold a hearing in Washington today on his proposal to spend $2 billion to prevent foreclosures on borrowers who don’t qualify for other mortgage aid programs because they are unemployed. The funds would come in the form of loans, and borrowers would have to pledge their homes as security. The catalyst for the proposal is a growing jobless rate that reached a 26-year high of 9.5 percent in June, Frank said. [more]

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next