EAST NEW YORK - Homeowners in Brooklyn are relieved that a new federal plan may help troubled families stay in their homes.
Wayland Parker says he wants to leave his house to his grandchildren, but he can barely afford his mortgage. He's hoping new federal help can keep him in his house.
"I could pay off everything, all the bills that I owe," he says. "Then I can start saving and get my house back."
The new Home Affordable Modification Program could help homeowners who are unemployed or owe more than they can afford.
There were nearly 7,000 foreclosures in Brooklyn in 2009, 35 percent of the city's total.