Stop foreclosure assistance provided by the govenment

The government has attempted to provide stop foreclosure assistance to homeowners facing default when their mortgage loans readjust. In mid December 2007, President George W. Bush announced the HOPE Now initiative to try to stem the tide of defaulted sub-prime mortgages.
Click here to learn more about the Hope Now project.

On February 12th, 2008, the Secretary of the Treasury, Henry Paulson presented "Project Lifeline". This initiative offers help for people in all types of mortgages, not just sub-prime.
Click here to learn more about "Project Lifeline".

In addition, the government has raised the loan limits for FHA, Fannie Mae and Freddie Mac loans as part of the Economic Stimulus package passed by Congress recently.
Click here to learn more about the loan limits.


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