TITLE

Hefty Cleaning Bill

AUTHOR(S)
Berry, Kate
PUB. DATE
December 2009
SOURCE
American Banker;12/31/2009, Vol. 174 Issue 231, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The author reports that the administration of U.S. President Barack Obama is planning to expand the Home Affordable Modification Program to allow loan servicers to reduce the principal balance owed by borrowers. The author mentions that almost 10.7 million borrowers owed more than their homes were worth as of September 30, 2009.
ACCESSION #
47270193

 

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