Last year, Congress passed the bill for the $700 billion Troubled Assets Relief Program (TARP). $350 billion had been spent without helping many homeowners facing foreclosure. Too bad.
Now, here may be good news for homeowner in trouble. The remaining $350 billion from the $700 billion financial industry bailout program will be used in part to help homeowners facing mortgage foreclosure and expanding existing programs, the White House said on Monday. Read more
