The Real Deal Miami

Fed housing rescue boosts region

May 15, 2009 10:49AM

President Obama has signed off on an expansion of housing help with new incentives to aid homeowners who can’t qualify for loan modifications or refinance. The new measures are supposed to make short sales move more smoothly, and provide incentives to lenders to modify loans in hard hit markets such as South Florida. Area mortgage experts and lawyers involved in foreclosure lawsuits said that current mixed results from programs such as Making Home Affordable could be improved by these expanded measures.