Officials hope legislative action soon on homeowner assistance effort

KANSAS CITY, Mo. - The push to help financially troubled homeowners in Missouri took center stage Monday with the mayors of the Mid-America Regional Council.

Housing and Urban Development Secretary Shaun Donovan met with the mayors, telling them he expects a vote in the next few weeks on a plan to help struggling homeowners who mortgages are not with Fanny Mae, Freddie Mac or the Federal Housing Administration.

If the plan is approved, these homeowners will be able to refinance and save thousands of dollars.

“I’m hopeful this is a place where we can put aside partisanship, put our country ahead of our party and do something that makes sense, not only for those homeowners in trouble but frankly for tax payers as well,” said Donovan.

Donovan added the legislation would help homeowners pay off their mortgages instead of continuing to face financial difficulties.