Levin on foreclosures: Help is on the way

'Among the expected highlights of the proposed legislation: Letting states sell more tax-exempt mortgage revenue bonds to help homeowners caught in the squeeze of ballooning adjustable rate mortgages; earmarking $200 million to pay financial counselors' services to homeowners; giving bankruptcy courts the right to modify the terms of mortgage loans; $4 billion more in Community Development Block Grant funds; and improving lenders' loan disclosure explanations to buyers.'

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