$1.5 Billion For Struggling Homeowners

Will this work this time?  I guess we will find out.  I do like that it is targeting help for the unemployed.  It targets states where the average price for all homes have fallen more than 20% from their peak.  Of course Florida is one of them. 

CNBC reported that the initiatives may include:

  • Measures for unemployed homeowners;
  • Programs to assist borrowers owing more than their home is now worth;
  • Programs that help address challenges arising from second mortgages; or
  • Other programs encouraging sustainable and affordable homeownership.