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Loan Modification

: The Truth About Mortgage.com

Loss of Income Cited as Leading Cause of Foreclosure

By scot184

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Job loss or reduced income has been cited as the number one reason why homeowners are facing foreclosure, according to a new report from NeighborWorks. The organization, which administers the National Foreclosure Mitigation Counseling (NFMC) Program, said 54 percent of homeowners who received counseling via the program reported reduced or loss income as the primary driver [...]

Full post as published by The Truth About Mortgage.com on December 11, 2009 (boomark / email).

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