Cygnus Real Estate

Emergency Mortgage Relief Program Under Attack

The House of Representatives elected last Friday to wipe out mortgage help for homeowners who have lost their jobs or become ill, as the two parties struggled over how to balance frugality and concern during a period of massive budget deficits. A dominate party-line voted, 242-177, lead by the Republican-run House to abolish the Emergency Mortgage Relief Program may be as far as the legislation gets. The White House has threatened to veto the measure, and its prospects are unsure in the Democratic controlled Senate.