Spring storm brings rain and wind Tuesday into Wednesday

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      WASHINGTON (AP) - The Obama administration is providing $3
billion to unemployed homeowners facing foreclosure in the nation's
toughest job markets.


      The Treasury Department says it will send $2 billion to 17
states that have unemployment rates higher than the national
average for a year. They will use the money for programs to aid
unemployed homeowners. Some of those states have already designed
such programs.


      Another $1 billion will go to a new program being run by the
Department of Housing and Urban Development. It will provide
homeowners with emergency zero-interest rate loans of up to $50,000
for up to two years.

      The administration was required to launch the programs by the
financial regulatory bill signed by President Barack Obama last
month.

Median home prices up in 2Q in most U.S. cities

The Obama administration is providing $3
billion to unemployed homeowners facing foreclosure in the nation's
toughest job markets.

Obama administration to provide $3B in housing aid

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