Monday, December 3, 2007

lending plan

http://www.gainesvillesun.com/article/20071202/NEWS/71202012

This article relates to family although you wouldn't think it did. Bush is backing this new lending plan in hopes to avoid escalation of foreclosures and defaults on home loans. Naomi did a paper in Dr. Brenan's class showing that one of the causes of homelessness can be lack of affordable housing. For some, rates on loans are going up by 30% causing them to have a mortgage they can't afford. I am wondering how many families will be homeless this Christmas? After all, families and children are the new growing face of homelessness (Naomi told me this based on her research).

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