The Obama administration threatened to veto two measures being pushed by U.S. House Republicans that would eliminate programs aimed at helping people who are struggling to pay their mortgages, the administration said.
The House of Representatives is set to vote this week to kill an effort to lower mortgage payments for so-called underwater borrowers as well as an emergency fund for homeowners who have lost their incomes.
For full article, click [HERE]| Bloomberg
NewsletterSignup for the free Sikora Law newsletter to keep up with the latest news and events about property law!
- Our 150th Post: Ohio Supreme Court Holds Appeal of Planning Commission Order by Service of Summons by Clerk of the Courts on Administrative Agency Along with Notice of Appeal within Statutory Timeframe is Sufficient
- Federal Reserve chief has one recipe for housing market
- Distressed Property Sales Drop, Despite Push to Sell
- American home equity cut by one-third
- More lawmakers join major push to reduce QRM down payment