Helping Families Save Their Homes - Summary, Pros & Cons

Main Page

Helps millions of Americans to avoid preventable foreclosures, bankruptcy and homelessness, and helps stabilize the housing market for everybody.

Date	Positive Result\Benefit	Rank
05/20/09	$2.2 billion appropriated to help communities address the homeless crisis.
05/20/09	Lenders incentivized to reduce foreclosures by loss mitigation guarantees, compensation and lender protection from lawsuits by investors holding the loans
05/20/09	Homeowners' foreclosures avoided by improved terms for loan modification and restructuring of their debt