We are here to help

Story link: We are here to help

A nice pro active approach to try and break cycle of no lending, no spending and a terrible financial crisis.
Of course, further financial help could put Government owned organizations into trouble as well, not just the home owners, which wouldn’t exactly do the economy any favours.

We are here to help

A YEAR ago, most home foreclosures were concentrated in depressed manufacturing areas of the Midwest and the speculative real estate zones of Florida, Arizona and California. Most other regions were experiencing only modest increases because the unemployment rate — the most common trigger of mortgage default — was relatively low.