Article Image
News Link • Bailouts

Banks to benefit most from White House program to help fight foreclosures

• The Hill
Banks will get the biggest benefit from an Obama administration housing program designed to help unemployed homeowners escape foreclosure.

Housing experts expressed concern that banks, not homeowners, will be helped by the White House's $3 billion funding infusion — $2 billion from the Treasury Department and another $1 billion from the Housing and Urban Development Department — going to those states hit hardest by the housing market crash and unemployment.

Join us on our Social Networks:

 

Share this page with your friends on your favorite social network:


Free Talk Live