The Fight for the Middle Class: Mortgage Mess

A government program designed to help millions of mortgage holders only ended up helping about 170,000 people, according to a report issued today by the government's own watchdog, who called the program "meaningless." The Obama administration said a year ago that its program would help 3 to 4 million homeowners in mortgage trouble. Yet, 6.6 million American homeowners are now late on their mortgages -- a new record. To date, only 168,000 have had their mortgages permanently modified. The...Full Story
Commenting on this article is closed.