TRENTON, N.J. (AP) - New Jersey lawmakers are moving to cut mortgage foreclosures by imposing a six-month moratorium on subprime loan defaults, creating a new loan fund to help people stay in their homes and allowing some who lose homes to stay in them for a time.

The legislation unveiled Tuesday is meant to help homeowners combat problems with subprime loans typically given to those with imperfect credit histories and low incomes.

READ MORE: http://www.forbes.com/markets/feeds/afx/2008/03/11/afx4760150.html

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