U.S. House Votes to Cancel Emergency Homeowner Loan Program
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The U.S. House voted 242-177 to cancel a loan program for homeowners who have lost their jobs as Republicans move to eliminate funding for President Barack Obama’s anti-foreclosure efforts.
Today’s vote to end the Emergency Homeowner Loan Program was the second of four planned by House lawmakers, who approved a bill yesterday to end the Federal Housing Administration Short Refi Option for people who owe more than their homes are worth.