Saturday, March 12, 2011
Foreclosure assistance cut in US
"The $1 billion emergency loan program, which provides interest-free money to help borrowers keep their houses, was funded by a Democrat-led Congress before Republicans took control of the House. Because it is still in the design phase, no money has been spent on it". "â€œThese are working people who had jobs, fell on hard times,â€ M. Watt (Dem) said. â€œAll weâ€™re saying is give them a break for 12 months and an opportunity to go back into the marketplace and find a job.â€ What now for the floundering UK programme?