Friday, March 26, 2010

Obama readies steps to fight foreclosures, particularly for unemployed

By Renae Merle and Dina ElBoghdady
Washington Post Staff Writer
Friday, March 26, 2010

The Obama administration plans to overhaul how it is tackling the foreclosure crisis, in part by requiring lenders to temporarily slash or eliminate monthly mortgage payments for many borrowers who are unemployed, senior officials said Thursday.

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