 |
|
|
|
 |
 |
Pa. House Democrats Push Foreclosure Crisis Bills
posted 2:42 pm Wed June 18, 2008 - Harrisburg, Pa. (AP)
Stay on top of breaking news! Sign up for abc27 News e-mail alerts.
Democratic state lawmakers are pushing for legislation they say will reduce the effect of the mortgage foreclosure crisis in Pennsylvania.
One bill would establish a fund to help the Pennsylvania Housing Finance Agency provide homes for people with low or moderate incomes, the elderly and the disabled.
Other bills would help homeowners replace adjustable-rate mortgages with more stable fixed-rate mortgages.
Eligible homeowners could receive grants of up to 25-hundred dollars to pay closing costs to switch to a more affordable home loan.
Officials say there are currently more than 200-thousand subprime mortgages in Pennsylvania.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
Local Jobs... Real Jobs Click Here
Not a member yet? Click Here to sign up.
Please leave your comments below:
Messages that harass, abuse or threaten other members; have obscene or otherwise objectionable content; have spam, commercial or
advertising content or inappropriate links may be removed and may result in the loss of your posting privileges.
Please do not post any private information unless you want it to be available publicly.
Never assume that you are completely anonymous and cannot be identified by your posts.
© 2008 Harrisburg Television, Inc.
© 2008 The Associated Press
All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
The 'RUNNING MAN' icon is a registered trademark of America Online, Inc.
abc27 News to leave comments on news stories.