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Recent Real Estate News

More homeowners exit Obama's mortgage aid program, USA Today, 6/21/10

By: Stephanie Armour, USA Today, June 21, 2010


More troubled mortgage borrowers are failing out of the Obama administration's foreclosure-prevention program than are winning permanently lower home payments, the government reported Monday.

Over about the past year, 340,459 homeowners got permanent modifications under the Making Home Affordable program. But 429,696 trial modifications and 6,357 permanent modifications were canceled, often for reasons such as no income verification.


Read more here: http://www.usatoday.com/money/economy/housing/2010-06-21-homeowners-exit-mortgage-aid_N.htm

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