Entries on mortgage loan
The state is also struggling with the economic downturn, as unemployment was nearly 7 percent at the end of the last year. Announcing the housing relief plan in the state will speak directly to people struggling with the very issues this stimulus package is designed to help. The President signed the new $787 billion economic stimulus bill today in Denver. As he spoke to the press, he made it clear that one of the aims of the housing relief plan is to help responsible consumers who are having difficulty making payments on their mortgage loans or are in danger of foreclosing, as well as help stem decreasing property values. The drop in values has affected homeowners in most areas of the country.