Foreclosure Frustration: The Trouble With Loan Modifications

Six months after the government announced that the Making Home Affordable program would help stem the tide of foreclosures, the opposite appears to be happening. The Making Home Affordable program was launched in February to help address the foreclosure crisis brought on by rising unemployment and tighter credit. At the time, the Treasury Department said that the program would help between 3 and 4 million homeowners. So far, fewer 10 percent have had their mortgages modified, and those who...Full Story
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