U.S. Senator Bob Menendez commended actions announced today by the Department of Housing and Urban Development’s Federal Housing Administration (FHA) to strengthen the Distressed Asset Stabilization Program (DASP) in order to help struggling homeowners avoid foreclosure and stay in their homes, and assist communities suffering with high concentrations of foreclosures and distressed mortgages. New Jersey remains at the top of the nation in terms of homes in foreclosure, and the changes come in response to feedback from Senators Menendez and Booker and other stakeholders.
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