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Released: August 30, 2010
Banks help more homeowners than Obama
Source: Tami Luhby, CNNMoney.com
Remember how everyone complained that banks weren’t doing enough to help troubled borrowers? Well ...
Banks have realized that foreclosing on home after home after home may not be in anyone’s best interest—least of all their own. So they’ve ramped up the number of loan modifications they’re handing out to their delinquent clients.
Banks are doing nearly twice as many modifications under their own foreclosure prevention initiatives than under the Obama administration’s signature Home Affordable Modification Program, known as HAMP.
Read Full Article: Banks help more homeowners than Obama
Tags/Keywords
foreclosure, mortgage, home financing, headlines, modify, modification, hamp, mortgage modification. loan
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