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Some Companies Provide Loans, Grants and Counseling to Workers Mired in Mortgage Debt
The Wall Street Journal; subscription may be required
June 17, 2008 Excerpt: In the wake of the mortgage crisis, a small but growing number of workers are getting help avoiding or coping with foreclosure from an unlikely source: their employers. So far, a handful of companies -- from small manufacturers to large companies like home-financing behemoth Fannie Mae -- are offering assistance, such as interest-free loans, grants and support in securing rental properties. They're also beefing up their employee-assistance programs, or EAPs, and adding more educational seminars on personal finance. MORE >> |
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