The Failure Of The Mortgage Modification Plan

[24/7 Wall St.]

24/7 Wall St. Daily News

The Administration’s plan to help modify millions of mortgages to keep “worthy” homeowners in their houses is not working. A Treasury Department report shows that 360,165 people had their monthly payments reduced through August. That is only a little more than 10% of the mortgageholders eligible for the program.And, the situation is not likely to [...]

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