Obama Approves $1.5 Billion Hardest Hit Fund for Foreclosure Prevention

"Arizona, California, Florida, Michigan, and Nevada State Housing Finance Agencies (HFAs) can begin using $1.5 billion in “Hardest Hit Fund” foreclosure-prevention funding under plans approved by the Obama Administration. The fund is geared for assisting struggling homeowners in those states who are attempting to keep their homes from being foreclosed on. "