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Loan Modification

: Loan Modification & Home Loan News

Foreclosure prevention program losing its punch

By Moe Bedard

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NEW YORK (CNNMoney.com) — The president’s signature foreclosure rescue plan is losing its punch, according to a federal report released Friday. Only 36,695 troubled homeowners received long-term mortgage modifications in July under the Obama administration’s Home Affordable Modification Program, known as HAMP. This brings the total to 434,717 borrowers who have successfully made it out [...]

Full post as published by Loan Modification & Home Loan News on August 23, 2010 (boomark / email).

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