Washington, DC – June 15, 2010 – (RealEstateRama) — Today, President Obama announced a plan to provide $1.5 billion in Troubled Asset Relief Program (TARP) funds to five state Housing Finance Agencies (HFAs) to help them stem home foreclosures with programs they design to modify negative equity mortgages and provide emergency homeowner loans, among other strategies. The Administration is expected to allocate the funds to Arizona, California, Florida, Michigan, and Nevada, which have been especially hard hit by home price declines and unemployment
More info...
