Lenders not required to take part in Housing Rescue bill

CONGRESS | Lenders not required to take part in rescue plan awaiting Bush OK BY SANDRA GUY sguy@suntimes.com Chicagoans desperate to save their homes will need luck to get help from the Housing Rescue bill that the U.S. House passed Wednesday and President Bush is expected to sign, experts say. "Lenders are not required to participate, so any help would be on a case-by-case basis," said Gail Parson, foreclosure-prevention campaign director for the Chicago-based National Training and Information Center. NTIC acts as a resource center for community organizing groups nationwide. Chicagoans desperate to save their homes will need luck to get help from the Housing Rescue bill that the U.S. House passed Wednesday and President Bush is expected to sign. Mortgage crisis hits home for one Matteson trustee The bill would: • • Grant $4... [read full story]