Dropouts Rise in Mortgage Loan Plan -- More Homeowners Leaving Program
The Commercial Appeal (2007-Current) › May 18, 2010
Linked as:
Summary
WASHINGTON - The number of homeowners dropping out of the Obama administration's main mortgage assistance plan is growing, and is now almost equal to the number who have received permanent relief.
More than 299,000 homeowners had received permanent loan modifications as of last month, the Treasury Department said Monday. That's about 25 percent of the 1.2 million who started the program since its March 2009 launch. They are paying, on average, $516 less each month.See the full content of this document
Extract
Dropouts Rise in Mortgage Loan Plan -- More Homeowners Leaving Program
However, the number of people who started the process but failed to get their mortgages permanently modified rose dramatically in April.
To complete the program, b...See the full content of this document
Sponsored links
