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[18 Oct 2011 | No Comment | 1,948 views]
Mortgage Bankers announce new phlianthropic venture

The national Mortgage Bankers Association – at its annual convention in early October in Chicago – announced it was rolling out a program to eventually help families struggling with making their house payments.
The model for the new initiative is Spare Key, a Minnesota-based charity that was started in 1997 to award mortgage grants to families with critically ill children. The idea, of course, is to cover the mortgages for those families for a time so they families can take off from work and do whatever else is necessary to spend …