Monday, November 23, 2009

Possible Good News!

Although it's just an idea at the moment, Rep. Barney Frank (D-Mass) has proposed extending the TARP relief program for financial institutions beyond its scheduled December 31 end--PROVIDED it include funds to assist unemployed homeowners make their mortgage payments until they are again fully employed. The proposal would take funds for these payments from the already repaid $12 Billion that TARP-receiving banks have repaid. Whether this proposal becomes law remains to be seen, but it does show that someone in Congress is at least looking out for the 'little guy' who's having trouble making the mortgage through no fault of his own.

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