Republicans seek to end housing relief programs

In a move to further slash spending and contain the deficit, House Republicans are considering bills to end distressed housing relief programs, reports FoxNews.

Thursday, the Republican controlled house voted to terminate the Federal Housing Administration’s Refinance Program; which since its inception under the TAR Program, has used just $50 million of its $8 billion budget.

The House is set on voting to end the Emergency Homeowners’ Relief Program today. The $46 billion HAMP and $7 billion NSP are also in the crosshairs.

All of these measures are expected to die in the Senate, or the White House should they go that far.