WASHINGTON -(Dow Jones)- Department of Housing and Urban Development Secretary Shaun Donovan said the administration is looking at a 25-year-ancient Pennsylvania program as one of the models it might apply toward helping unemployed homeowners avoid foreclosure.
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HUD’s Donovan: Administration Looking At Ways To Aid Jobless Homeowners (Nasdaq)
He also said HUD officials are having trouble implementing new laws designed to improve participation in the Hope for Homeowners program, which was designed to help as many as 400000 borrowers refinance into more affordable loans ...
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Nasdaq 100 futures declined 2.50 points to 1824.70. The Dow (DJIA 10320, -58.88, -0.57%) ended down 0.6% on Thursday, as an unexpected increase in U.S. weekly jobless claims reignited worries over economic growth. ...... ?Given that the government is taking baby steps here and there? to help homeowners ?and the pace of announcements seems to be increasing, people are now budgeting for a non-zero possibility? of a big loosening in refinancing rules, Derek Chen, ...