State May Extend Foreclosure Assistance

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Republican-American  
February 25, 2009
Haigh, Susan

Lawmakers in Connecticut could broaden mortgage assistance programs to help more state residents avoid foreclosure. Homeowners who are unemployed or underemployed -- not just those who obtained subprime mortgages in 2005 -- are in need of help, says Connecticut Housing Finance Authority President and Executive Director Timothy Bannon. He notes that the state's foreclosure problem "is acquiring a new dimension beyond the scope it had had."

 

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