ING Direct Gives Homeowner’s a Gift
Online bank ING Direct forgave five hundred January mortgage payments for homeowners who won an essay contest. The 500 mortgage payments amounted to about $860,000.
The winners do not include any of the 250 homeowners who are now in foreclosure through ING Direct, but those who just recently fell behind and had a compelling essay.
ING Direct’s spokesman said that the gesture was paid partly by employees who gave up their annual office party.