Comment on Foreclosure reprieve for jobless

Foreclosure reprieve for jobless

(By Derek Kravitz, Associated Press) The Obama administration is making it easier for out-of-work homeowners to stay in their homes, as it tries to revamp its troubled foreclosure-prevention program.Starting Aug. 1, the Federal Housing Administration will extend the period for unemployed homeowners to miss mortgage payments to a full year from three or four months.

 

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