Mortgage Bailouts: $2.1B to ‘Hardest-Hit’

Greek stocks fall after Syriza wins general election. The win on Sunday by Syriza puts the future of the country’s international bailout in question, as Syriza has pledged to end austerity.

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Last year, the government moved to provide about $2 billion in help to homeowners in states that had been hardest hit by unemployment and sliding home prices, including Arizona, California.

Struggling Florida homeowners are losing out on $250 million in mortgage assistance because state officials opted not to apply for additional money from the federal Hardest Hit Fund.

 · Watchdog blasts housing program for ‘hardest hit’. TARP is the $700 billion bailout program that Congress passed at the height of the financial crisis in the fall of 2008. In addition to keeping the big banks afloat, TARP gave money to programs to help struggling homeowners.

The report, which examined 18 states and the District of Columbia, found $3 million in unnecessary expenses charged to the Hardest Hit Fund, a $9.6 billion fund. It offers temporary help making.

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As we discussed a few weeks ago, the Treasury Department has planned a $1.5 billion assistance program for some of the worst housing markets in the United States.. The program is called the Fund for Hardest Hit Housing Markets, and the aid is directed for homeowners in Arizona, California, Florida, Nevada, and Michigan.

New Mortgage Bailouts Cause Controversy Author: CA Hagy on May 1, 2010 As if the Obama administration does not have enough problems, the new mortgage bailouts are causing people to become even more disgruntled.

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billion TARP-funded Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets ("Hardest Hit Fund" or "HHF"). Funds originally obligated for all TARP housing programs totaled $45.6 billion, of which Treasury has only spent $12.8 billion to date. Treasury has the TARP financial resources to help more

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