Karlyn Katigbak

The Federal Housing Administration's initial plan of being able to provide more housing programs to help improve and increase the housing market has backfired. The constant fall of housing prices and escalation of interest rates are causing an economic abasement. The government is rapidly trying to do their part to save the economy from its continuous flow into a market of recession. Below are some newly created programs signed and/or amended by the government to assist struggling homeowners, le

An economy involves everything you own, including the lifestyle you have, and the activities that take place in your life. Today, one of the biggest challenges the U.S. economy is having has to do with the crisis that is currently going on with the housing market.

There are plenty of available programs to help families and homeowners who are going through financial problems and feel that foreclosure may be inevitable such as loan modifications, forbearance agreements, and other programs that depend on their particular situation. Foreclosure can affect everyone and giving up would only contribute to the growing economic distress that is currently taking place due to the nationwide foreclosure crisis.