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Loan Modification

: Loan Modification & Home Loan News

Banks to benefit most from White House program to help fight foreclosures

By Moe Bedard

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Banks will get the biggest benefit from an Obama administration housing program designed to help unemployed homeowners escape foreclosure. Housing experts expressed concern that banks, not homeowners, will be helped by the White House’s $3 billion funding infusion — $2 billion from the Treasury Department and another $1 billion from the Housing and Urban Development [...]

Full post as published by Loan Modification & Home Loan News on August 16, 2010 (boomark / email).

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