(Reuters) - The dispute over how $7.5 billion in federal aid is handed out is slowing disbursal to more than 120,000 homeowners whose houses were damaged or destroyed by the storm on Aug. 29, 2005 and by subsequent flooding.
Officials from the state of Louisiana contend that a new federal requirement that aid checks be issued jointly to homeowners and their mortgage lenders could mean that money bypasses the owners -- many of whom lost their jobs as a result of Katrina -- and goes straight to paying their defaulted mortgage payments.
Read more at Reuters.com Government Filings News
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