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Obama administration bolsters homeowner lifeline (Reuters)

Saturday, 28 January 2012 06:31 Webmaster
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A new home development is shown in Miami in this January 26, 2010 file photo. Housing-related stocks declined after data showed sales of new single-family homes fell for the first time in four months in December of 2011 and were shy of Wall Street expectations. The data followed the soft pending home sales report on January 25, 2012 and dented optimism that the housing market may have reached a bottom. REUTERS/Joe Skipper/Files (UNITED STATES - Tags: BUSINESS REAL ESTATE)

Reuters - The Obama administration, in an election-year bid to help distressed homeowners, on Friday expanded its main foreclosure prevention program, and pushed for Fannie Mae and Freddie Mac to forgive mortgage debt.




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