
Foreclosure | Trends
Musical Artist Will.i.am Pays Off Two Families’ Mortgages
By: LendingTree
For some lucky families, a new loan modification program by The Black-Eyed Peas’ Will.i.am is allowing them to keep a roof over their heads.
The program - the “i.amhome fund” – combines money from the musical artist’s own savings with a fund-raising campaign to collect donations that will help out families on the verge of losing their homes.
The idea of helping people facing foreclosure has inspired a whole new category of philanthropy. The Foundation Source, for example, allows foundations to provide no-interest loans to homeowners threatened with foreclosure. While not specifically targeting foreclosure cases, the LendingTree Foundation is a private, nonprofit organization designed to provide advice to families and individuals with financial problems.
Will.i.am, with his star power, brings the issue literally into the spotlight. Appearing on The Oprah Show, the songwriter shared this month how he was moved to start the program because …


