New Tool Unveiled to Help Unemployed Homeowners Verify Income Received From Unemployment Compensation

WASHINGTON--(ENEWSPF)--October 22, 2009.  The U.S. Department of Labor today announced the creation of a new Unemployment Benefit Estimation Tool that allows mortgage companies and housing counselors to project a homeowner's unemployment insurance income for loan modification purposes. The tool was created as part of collaborative effort among the Labor Department, the U.S. Department of Treasury, Fannie Mae, Freddie Mac, the Federal Reserve Bank and the Hope Now Alliance.

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