State officials are hoping that a new website will help get money to more Michigan homeowners struggling in the housing crisis.
Nearly a year after President Barack Obama announced the lifeline for homeowners, little of Michigan’s $498.6 million has been channeled to the people who need it most. Since the state’s fund launched in July, $2.4 million has gone to 554 homeowners. The fund hasn’t gone far because big banks, which control the majority of mortgages, haven’t signed up to participate.
