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Real Estate/Development

Jun. 25, 2010

More Federal Funds for Homeowners?

Almost $700 million worth of relief could be on the way for struggling homeowners in California, the U.S. Treasury Department indicated Wednesday.

By Jason W. Armstrong

Daily Journal Staff Writer

In a signal that relief could be on the horizon for struggling California homeowners, the U.S. Treasury Department said Wednesday that the state's Housing Finance Agency plans to tap into nearly $700 million in federal funding to help people fighting to make their mortgage payments.

Agency officials said they plan to use the money to launch several mortgage assistance progra...

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