$1B Foreclosure Aid Program Ends With $568 Million Unspent

Oct 11, 2011 by

$1B Foreclosure Aid Program Ends With $568 Million Unspent

The federal government will disburse just $432 million from a $1 billion program to help unemployed homeowners avoid foreclosure, a government official said Thursday.

The rest of the money will return to the U.S. Treasury because the Emergency Homeowners’ Loan Program has ended, and not enough people were approved in time to receive aid.  Read more


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