10 Foreclosures For Every Home Saved
(CNNMoney.com) — The Obama administration’s mortgage-modification program is not keeping pace with the deluge of foreclosures hitting the market, a government watchdog found.
Only 168,708 homeowners have received long-term mortgage modifications under the president’s plan, as of February, a small fraction of the 6 million borrowers who are more than 60 days behind on their loans, according to the Congressional Oversight Panel’s latest report, released Wednesday.
SEE ALSO
- Tyler Perry And Byron Allen Are In Talks To Acquire BET From Paramount
- Xscape Talks Platinum Single, Balancing Motherhood, And Kicking Off Their Summer Tour Without Exiled Group Member LaTocha Scott [Exclusive]
- Gym Etiquette 101: 10 Rules Every Respectful Member Should Follow
- Anita Baker To Embark On Nationwide Tour For The First Time Since 1995
- Lenny Kravitz Maintains Rock God Status With Bubble Bath Thirst Trap And A Phone Call From Denzel Washington During Performance
