Helping the unemployed pay their mortgages

July 27, 2009

NEW YORK (CNNMoney.com) — As a growing number of jobless Americans default on their mortgages, the Obama administration is considering new ways to help them avoid foreclosure.
Among the options being floated are giving the unemployed money, in the form of grants or loans, to cover their mortgage payments or allowing them to remain in their homes as renters after foreclosure.
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