Will Government Intervene To Help Homeowners In Foreclosure?
That is yet to be determined. But what we can be certain of is a heated debate on this issue in the coming months.
Yesterday, key Senate Democrats fired the first shot suggesting that hundreds of millions of dollars in federal aid may be needed to assist homeowners at risk of foreclosure. Charles Schumer, chairman of the Joint Economic Committee, called on the federal government to consider a large federal bailout program as the foreclosure epidemic worsens.
Elsewhere, consumer activists and nonprofit groups are putting pressure on Wall Street to assist homeowners facing foreclosure in the restructuring of their home loans.
I will be keeping a close eye on these developments for you. Stay tuned.
-Bill Burniece
That is yet to be determined. But what we can be certain of is a heated debate on this issue in the coming months.
Yesterday, key Senate Democrats fired the first shot suggesting that hundreds of millions of dollars in federal aid may be needed to assist homeowners at risk of foreclosure. Charles Schumer, chairman of the Joint Economic Committee, called on the federal government to consider a large federal bailout program as the foreclosure epidemic worsens.
Elsewhere, consumer activists and nonprofit groups are putting pressure on Wall Street to assist homeowners facing foreclosure in the restructuring of their home loans.
I will be keeping a close eye on these developments for you. Stay tuned.
-Bill Burniece
posted by Bill | 1:53 PM
1 Comments:
You write very well.
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