WASHINGTON (AP) - The federal government will offer a three
month moratorium on mortgage foreclosures that are insured by the
Federal Housing Authority to residents living in Texas and
Louisiana disaster areas.
This is one of several disaster assistance programs the federal
department of Housing and Urban Development will offer, according
to the administration.
In addition, the federal government plans to give state and
local governments federally guaranteed loans to rehabilitate
housing, and for public infrastructure repair and economic
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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