Friday, February 25, 2011

Obama administration says committed to helping homeowners

(Reuters) - The Obama administration on Thursday pushed back against Republican moves to kill several of its foreclosure prevention programs, saying they would close the door on struggling homeowners facing the worst U.S. housing crisis in generations.
"The administration remains committed to reaching eligible homeowners to give them every opportunity to avoid foreclosure and will continue working to make our programs as effective as possible," an Obama administration spokesperson said on Thursday.
Republicans in the House of Representatives earlier announced they would consider four bills aimed at killing different administration efforts to keep borrowers in their homes.

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