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The legislation- likely to be enacted soon- devotes $300 billion in helping troubled homeowners avoid foreclosure. See if you qualify.
NEW YORK (CNNMoney.com) -- The House on Wednesday passed a $300 billion housing rescue bill aimed at helping troubled homeowners avoid foreclosure and supporting mortgage giants Fannie Mae and Freddie Mac.
If the...

Q: How will the law help struggling homeowners keep their homes?
A: Through the Federal Housing Administration (FHA), an estimated 400,000 borrowers in danger of losing their homes will be able to refinance into more affordable government-insured mortgages. The program offers government insurance to lenders who voluntarily reduce mortgages for...

WASHINGTON - Homeowners who are struggling to make home mortgage payments finally got a break Wednesday when Congress neared final agreement on landmark housing legislation.

The federal rescue package is especially welcome in regions like South Florida that suffer from high foreclosure rates and plunging property values.

"If they don't fix...