Sen. Chuck Schumer, D-N.Y, wants the banks to extend a mortgage payment holiday for victims of Hurricane Sandy. Moratoriums designed to protect families harmed by the storm from losing their properties are set to expire in the coming weeks. Before that occurs, Schumer is asking financial firms to extend their payment holidays and foreclosure moratoriums for victims another three to six months.
Sen. Schumer wants Sandy foreclosure aid extended
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Opinion: What is the public actually getting for $7.3B in housing subsidies?
The Federal Home Loan banks receive billions annually in subsidies, but are skirting their responsibility to support our nation’s housing troubles, argues Sharon Cornelissen, Director of Housing at the Consumer Federation of America.