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Loan Modification

: Loan Modification & Home Loan News

California foreclosure aid fund swells, but banks hesitate

By Moe Bedard

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Federal funding for a California plan that helps borrowers facing foreclosure has snowballed to $2 billion, enough to potentially help more than 100,000 homeowners. But the program lacks formal agreements with the nation’s largest banks and investors, and their cooperation is needed to make the proposed effort broadly successful. Out of the three major mortgage [...]

Full post as published by Loan Modification & Home Loan News on November 10, 2010 (boomark / email).

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