MarketWatch
The Pennsylvania Homeowners Emergency Mortgage Assistance Program, established in 1984, long before the recent mortgage crisis, gives bridge loans to people who have recently lost their jobs. A recent study from the New York Fed says the Pennsylvania law works far better than the $30 billion national program set up in 2009 called the Home Affordable Modification Program, which has led to 630,000 loan modifications out of a targeted 3 million to 4 million.
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