mortgage payments

(Newser) - New Senate legislation aims to give natural disaster survivors a bit more breathing room when it comes to paying their mortgages. The Mortgage Relief for Disaster Survivors Act, introduced Thursday by Sens. Adam Schiff of California and Michael Bennet of Colorado, would allow homeowners with federally backed loans in...

(Newser) - The US plans to tell banks to drastically slash or even eliminate the mortgage payments of unemployed borrowers for up to 6 months. The initiative is expected to be unveiled tomorrow as a new tool to help reduce foreclosures, which remain high in part because of the nation's stubborn unemployment...