Obama mulls rental option for some homeowners-sources

U.S. government officials are weighing a plan that would let borrowers who have fallen behind on their mortgage payments avoid eviction by renting their homes instead, sources familiar with the administration’s thinking said on Tuesday.

Under one idea being discussed, delinquent homeowners would surrender ownership of their homes but would continue to live in the property for several years, the sources told Reuters.

Also being considered:  the government making mortgage payments for those who fall behind in them, and a welfare housing allowance to go along with unemployment benefits.

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