Ohio leaders press White House for mortgage helpWritten by Associated Press | | email@example.com
Ohio leaders say the state was unfairly omitted from a new $1.5 billion federal program to fight mortgage foreclosures.
President Barack Obama says the money is going to housing agencies in the five hardest-hit states of Arizona, California, Florida, Michigan and Nevada.
Ohio Attorney General Richard Cordray on Feb. 26 sent a letter to U.S. Treasury Secretary Timothy Geithner urging the administration to add Ohio. A record 89,053 foreclosures were filed in Ohio in 2009.
Phyllis Caldwell, who heads the Treasury Department Homeownership Preservation Office, says the newly announced program is part of a broader housing stabilization effort. She says Ohio has received more than $145 million in neighborhood stabilization grants.