Obama Administration Facing Pressure to Retool its Troubled Mortgage Relief Program
By Moe Bedard
The $75 billion program pays lenders to modify the mortgages of troubled borrowers, typically lowering their payments by about $500 a month.
But so far, fewer than 200,000 borrowers have received a permanent change to their loans, according to Treasury Department data released Wednesday, a small fraction of the 3 to 4 million borrowers who government [...]
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