Released: November 11, 2009
Trial mortgage modifications offered to nearly 1 million
Source: Stephanie Armour, USA Today
Lenders in the government’s Making Home Affordable program have extended mortgage modifications to more than 650,000 delinquent borrowers since April — a fifth of those eligible, the government reported Tuesday.
The number of homeowners who have been offered trial loan modifications has more than doubled since August to 919,965, or 29% of those eligible, the Treasury Department said in its monthly progress report on the program. Homeowners receive modifications if they stay current on their loans for the three-month trial phase.
Read Full Article: Trial mortgage modifications offered to nearly 1 million
Quick Menu
Support Consumer Action
Join Our Email List
Consumer Help Desk
- Help Desk
- Submit Your Complaints
- Frequently Asked Questions
- Links to Consumer Resources
- Consumer Service Guide (CSG)
- Alerts
- Consumer Booknotes
