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New Foreclosure Legislation May Not Be Enough

Congressional aid to homeowners may need overhaul, not 'patches'

By Matt Cantor, Newser Staff

Posted May 22, 2009 12:45 PM CDT

(Newser) – Congress’ Hope for Homeowners plan was aimed at fighting the foreclosure epidemic, and it’s been a success for exactly one person. Now, lawmakers have put “patches” on the legislation—but some worry the fixes aren’t going to do the job, ProPublica reports.... Read full story »

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New Foreclosure Legislation May Not Be Enough

Congressional aid to homeowners may need overhaul, not 'patches'

Congress • housing market • mortgage • homeowners • mortgage lender • Hope for Homeowners • foreclosures

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More Newser Stories

$26B Mortgage Settlement a 'Modest' Help: Experts

Many struggling homeowners not covered in deal

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Measure would allow bankruptcy judges to ease mortgage terms

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New 'mortgage to lease' program kicks off in test markets

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