Friday, November 25, 2011

Distressed Homeowner Program Mainly Benefited Three States

Almost half the homeowners aided by the Emergency Homeowners' Loan Program are in Pennsylvania, Maryland and Connecticut, based on preliminary figures from the Department of Housing and Urban Development.

Fewer than 12,000 applicants were approved before the program expired, short of the 30,000 target.
Funds were allotted for 32 states and Puerto Rico based on population and unemployment