Modifications For The Jobless?
That is what they are saying but I have heard these talks before. I am not a pessimist but just telling you the facts. I hope they do take the existing $75 million to help modify mortgages for the jobless because if anyone “deserves” it, it is them.
Unfortunately it could take awhile before it is approved and many of the jobless could be facing foreclosures before that time. Hopefully they pick up the pace because I like this idea.
“Dodds’ proposal would give homeowners who have been unemployed during the recession a loan fixed at 31% of the family’s income for two or three years or until the primary wage earner finds employment again.”