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Loan Modification

: Loan Modification & Home Loan News

Borrowers flunking out of trial loan modifications

By Moe Bedard

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NEW YORK (CNNMoney.com) — The number of troubled homeowners falling out of President Obama’s foreclosure rescue plan soared in April. More than 122,000 borrowers had their trial mortgage modifications canceled in April, bringing the total to 277,640 since the program began about a year ago, according to federal statistics released Monday. Meanwhile, only about 68,000 homeowners were [...]

Full post as published by Loan Modification & Home Loan News on May 19, 2010 (boomark / email).

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