Mortgage Help is on the Way

There may be hope for the mortgage crisis yet. Today President Obama enacted measures to help borrowers under financial stress. New incentives for both lenders and loan servicers are expected to make loans more affordable for buyers. The measures also call for streamlining the program Hope for Homeowners, which may help people who have been seeking a way to refinance without much luck.

The bill also provides $2.2 billion in aid for homeless families. (more…)