hud has homeowner loans on the way
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

HUD has homeowner loans on the way

Arab Today, arab today

Arab Today, arab today HUD has homeowner loans on the way

Washington - UPI

The Department of Housing and Urban Development said it is targeting 30,000 homeowners for help through an interest-free loan program. There are strings attached to the loans HUD is making available out of the $1 billion Emergency Homeowners' Loan Program, The Washington Post reported Tuesday. Homeowners must stay in their homes for five years after the loan program has runs its course and keep up with mortgage payments. By example, Sandra Allwine of Arlington County, Md., would receive a loan of $50,000 that would subsidize her $3,000 mortgage payment for two years. The loan would be forgiven five years after that if Allwine, who is unemployed, satisfies the stipulated requirements. "We were normal middle-class Americans who had saved and lived very carefully and frugally . . . and still wound up getting kicked in the teeth," Allwine said. The program, which is available in 27 states, is not every politician's dream come true. "The best foreclosure mitigation program in America is a job," said Rep. Jeb Hensarling, R-Texas. Hensarling attempted to kill the program in February, but the Senate never took up his bill, which the House had approved. With 1.8 million homeowners facing foreclosure the loan program is "a drop in the bucket," said Mark Calabria, director of financial regulation research at the Cato Institute. Beyond that, "What's the moral superiority of the borrower who did nothing wrong versus the taxpayer who did nothing wrong?" Calabria asked.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

hud has homeowner loans on the way hud has homeowner loans on the way

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

hud has homeowner loans on the way hud has homeowner loans on the way

 



GMT 15:46 2018 Wednesday ,12 December

Festive Fashion by Dubai-based designer ASMARAÏA

GMT 09:00 2018 Wednesday ,12 December

May tours Europe in desperate bid to save Brexit deal

GMT 13:29 2018 Friday ,14 December

Turkey targets military over alleged Gulen links

GMT 09:12 2018 Wednesday ,12 December

Ford trains 1,600 motorists in Mideast, Africa in 2018

GMT 10:03 2018 Monday ,10 December

23 Palestinians arrested in West Bank

GMT 09:47 2018 Monday ,10 December

Russian ex-policeman convicted over 56 murders

GMT 19:01 2018 Thursday ,04 October

LEAD S. Korean firms offer aid for quake-hit Indonesia

GMT 11:02 2018 Tuesday ,11 December

ASE opens trading on lower note

GMT 14:08 2018 Friday ,14 December

Bank of Russia raises key rate

GMT 17:37 2017 Thursday ,04 May

Heba Rosas reveals foods that improve mood

GMT 05:35 2017 Thursday ,23 March

ECB: Protectionism may raise trade deficits
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday