Author Topic: Obama set to hand out more mortgage bailout checks  (Read 421 times)

0 Members and 2 Guests are viewing this topic.

Offline Confederate Kahanist

  • Gold Star JTF Member
  • *********
  • Posts: 10771
Obama set to hand out more mortgage bailout checks
« on: August 05, 2010, 03:18:34 PM »
http://www.onenewsnow.com/Headlines/Default.aspx?id=1111784



WASHINGTON  - The Obama administration plans to send $600 million to help unemployed homeowners avoid foreclosure in five states.

 

The Treasury Department says mortgage-assistance proposals submitted by North Carolina, Ohio, Oregon, Rhode Island and South Carolina received approval. The states estimate their efforts could
help up to 50,000 homeowners.


The administration is directing $2.1 billion from its existing $75 billion mortgage assistance program to a total of 10 states. Each state designed its own plan.


Treasury approved money in June for Arizona, California, Florida, Michigan and Nevada.

 
Chad M ~ Your rebel against white guilt