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State task force asks money for deliquent homeowners

Post by C.R. Roberts / The News Tribune on Jan. 2, 2008 at 1:40 pm with No Comments »
January 2, 2008 1:40 pm

Gov. Chris Gregoire’s Task Force for Homeowner Security has issued its final report – outlining various problems with home loans and ownership and recommending solutions.


Among other things, the report "recommends a strong, clear and consistent state-wide consumer education and outreach program."


Among programs and initiatives, the report calls for providing "grants or loans to assist qualifying low- and moderate-income homeowners, who are delinquent on their mortgage payments, to bring their loan current to be eligible to refinance into a different loan product."


The report also recommends providing "tax credits, incentives, or other mechanisms to financial institutions or other mortgage originators" that are engaged in financial literacy and consumer education.


A copy of the report, issued Dec. 24, is available at dfi.wa.gov/taskforce/default.htm


Task force members included representatives from financial institutions and state and non-profit agencies.

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