Housing plan coming together
Stocks are having a late rally because of this news from Reuters. The story says the President is working on a new program for homeowners that is quite different than anything we’ve seen. Under the plan, mortgage companies would use a “standardized test” to determine the borrower’s situation even before they become delinquent. And the “before” part is the critical difference. If the homeowner qualified, they’d be able to restructure their loan and hopefully avoid late payments, not to mention foreclosure.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.