(AllHipHop News) Black Eyed Peas' frontman will.I.am has launched a new business aimed at helping people who are losing their homes or are facing foreclosure due to the sagging American economy. The superstar rapper/producer told The Sun that he has launched the i.am.home Mortgage Relief Program, which also helps to find jobs for those in unemployed. "I rescue families who are losing their homes because they have no jobs and they can't pay the mortgage and the banks are foreclosing on their homes," said will.I.am, who has sold over 28 million records worldwide, with The Black Eyed Peas. "All the people we help are debt free, they don't have to pay me back, but we've had some hiccups," will.I.am continued. "There was one lady whose home we rescued and we found her a job at a hospital. Then she didn't show up to work on her first day and got fired."In related news, the Hip-Hop star has linked up with Irish rock band U2, to produce the legendary group's next album. "Just being around Bono and the guys is inspiring. It's like how a government should be. Bono for president of the world, I say " will.I.am said. "There's only one type of music and that's good music, no matter what genre it is. Bono is one of those guys who sees it that way and there's no right or wrong. There are no rules once you lift the veil off."According to will.I.am, Bono's celebrity friends were impressed with the tracks they have created in the studio thus far."I went to Bono's house for lunch and George Clooney and Cindy Crawford were there," will.I.am revealed. "I played some of the songs we'd been working on together and everyone was blown away. They all left the finger food to come and hear."