Loan Modifications Disappointing – Treasury Leaning Toward Short Sales
December 18, 2009 · Filed Under Mortgage Refinance
According to recent reports by CNN, Reuters and multiple other news sources only about 4% of troubled borrowers have received permanent loan modification help under the administration’s $75 billion foreclosure prevention program. The number of troubled mortgage borrowers currently in trial loan modifications rose to 697,026, up from 650,994 a month earlier.
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