Banks and credit unions to help struggling home owners

By Jessica Stanic · 22 June 2009 · Locked

Banks Offer Lifeline to Struggling Homeowners

The banking industry has stepped in to support struggling homeowners, but what does this mean for those on the brink of foreclosure? Read on to find out how this initiative could change the game for those in need.

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Summary

The banking industry has urged all home lenders to support the federal government’s initiative to support home buyers who have lost their jobs and are struggling with mortgage repayments.