NEW YORK, July 14 U.S. government officials are
weighing a plan that would let borrowers who have fallen behind
on their mortgage payments avoid eviction by renting their
homes instead, sources familiar with the administration's
thinking said on Tuesday.
Under one idea being discussed, delinquent homeowners would
surrender ownership of their homes but would continue to live
in the property for several years, the sources told Reuters.
Officials are also considering whether the government
should make mortgage payments on behalf of borrowers who cannot
keep up with their home loans, tapping an unused portion of a
$50 billion housing aid kitty.
As part of this plan, jobless borrowers might receive a
housing stipend along with regular unemployment benefits, the
(Reporting by Patrick Rucker; Editing by Diane Craft)