Housing law aims to help borrowers stay home

 
By Mary Ellen Podmolik
Published: August 9, 2008

CHICAGO — First-time home buyers have a better shot at the American dream and strapped homeowners may be able to stave off financial ruin under the new housing law.

But there are plenty of catches in the 694-page housing legislation.

The General Accounting Office has said the mortgage-relief facets of the legislation will assist 400,000 struggling homeowners nationwide.

Programs keep homeowners home P...


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