Housing Crisis
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A rescue for Hope for Homeowners?
NPR reports on the largely unused Hope for Homeowners program, part of last summer’s housing bill that was meant to address the crisis in mortgage foreclosures.
High loan and interest fees, tough restrictions for consumers and costs to lenders are some of the reasons why the program has not caught on.
Report: States strengthen response to foreclosure crisis
The Pew Center on the States has released a report saying that states are ramping up their response to the housing crisis.
According to the report: 1 in 33 homeowners is projected to experience foreclosure in the next two years as a result of sub-prime loans from 2-3 years ago.
