"Lawmaker Wants More Disaster Mortgage Aid"

[GreenPartyVoter]

WASHINGTON (AP) - Mortgage aid for victims of the Gulf Coast hurricanes should extend to people in all areas affected by natural disasters, the chairman of a House subcommittee on housing said Wednesday.

Rep. Bob Ney wrote Alphonso Jackson, the housing and urban development secretary, that the agency's policy change announced this week should apply nationwide.

The Federal Housing Administration's program will pay the mortgages of up to 20,000 victims of hurricanes Katrina, Rita and Wilma for as much as a year. It could cost as much as $200 million if all the estimated 20,000 eligible homeowners apply, federal officials have said.

The relief is offered to people who own homes with FHA-insured mortgages in designated hurricane-ravaged parts of Alabama, Florida, Louisiana, Mississippi and Texas.

http://apnews1.iwon.com/article/20051207/D8EBN7NO4.html

[BJW]

1. Thx for posting this

[GreenPartyVoter]

2. I hope people will back it