TITLE

Dismal Results for Trial Loan Mods

AUTHOR(S)
Hopkins, Cheyenne
PUB. DATE
December 2009
SOURCE
American Banker;12/8/2009, Vol. 174 Issue 218, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The author reports that only 6 percent of trial loan modifications under U.S. President Barack Obama's mortgage foreclosure program have become or are likely to become permanent. The data was given by the Treasury Department to loan servicers one day before testimony was set to be heard before the House Financial Services Committee on the modification program.
ACCESSION #
45687523

 

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