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Housing quagmire: Is it time to remove relief?

For the growing number of struggling homeowners in this country, more help is on the way. Additional aid from the federal government will begin making its way to them next month -- one program would help qualified homeowners refinance their mortgages after seeing their property values fall below the amount they owe, and the other includes another round of funding to help the unemployed or underemployed with their payments. Read more…

Foreclosure bill faces Senate test

26.02.2008 00:40

NEW YORK (CNNMoney.com) -- Foreclosure gets Congress' attention Tuesday when the Senate decides whether to end debate on a bill aimed at helping homeowners avoid losing their homes.

The Foreclosure Prevention Act of 2008's most important - and - provision would allow judges to reduce mortgage balances for at-risk borrowers to current market prices.

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