Comment on Obama Foreclosure-Prevention Plan Lagging, New Data Shows

Obama Foreclosure-Prevention Plan Lagging, New Data Shows

Obama Foreclosure-Prevention Plan Lagging, New Data Shows

Only about a third of the homeowners who have successfully completed the trial period of the Obama administration's mortgage modification program have been offered permanent relief, according to new federal data obtained by the Huffington Post. The conversion rate -- about 33 percent -- is woefully short of what the Treasury Department had forecast.

 

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