Friday, July 25, 2008

$2.1M Set to Mitigate Foreclosures

American Banker (07/22/08) P. 5; Sloan, Steven
Nearly a dozen nonprofit groups in the Federal Home Loan Bank of Cincinnati's district--which covers Ohio, Kentucky and Tennessee--will receive grants totaling $2.1 million as part of its Preserving the American Dream program. The initiative offers qualified homeowners up to $3,500 for foreclosure-prevention counseling or other strategies to avoid foreclosure.

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