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: Loan Modification & Home Loan News

Geithner: Housing will only stabilize as more homeowners become renters again

By Moe Bedard

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June 22 (Reuters) – The Obama administration’s much-maligned program to help struggling homeowners was not meant to keep homeownership at unsustainable levels, and foreclosures are inevitable, Treasury Secretary Timothy Geithner said on Tuesday. “This program was not designed to prevent foreclosures. It was not designed to sustain homeownership at a level that would be unachievable, [...]

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

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