Governor Tim Kaine announced on Thursday that he is forming a panel to help borrowers faced with subprime mortgage loans, the Washington Post reports today. “Many of Virginia’s working families are facing significant difficulty as mortgage rates adjust,” Kaine said. “My goal is to have policies in place that will help Virginians before they are faced with foreclosure.” The foreclosure rate in Virginia is more than double what it was a year ago, the Post reports.
 Tim Kaine will form a panel to help Virginians avoid the pitfalls of risky mortgage loans. |
Previous "This Just In" articles from this week:
Above average [November 15]
Virginia Farm Bureau says Charlottesville-area residents will pay the most for Thanksgiving dinner
UVA to middle schoolers: Get it on! [November 14]
No causal link between early teen sex and delinquency
Crack sentences may get reduced [November 13]
Julian Bond supports move