CNN reported today that the Obama administration is making $3 billion in additional funds available to help troubled homeowners avoid foreclosure.

One part of the plan, includes a new $1 billion program that will offer loans to unemployed borrowers at risk of losing their homes. The loans, which will be dispersed through nonprofit and housing agencies, will carry 0% interest.

File Under: This sounds like a real money maker for taxpayers.

Comments

comments

Call Now