delinquent borrowers

Attention delinquent borrowers: If you want to get into the Obama administration's mortgage modification program, you'd better have your paperwork ready.

Mortgage servicers have put nearly 9% of delinquent borrowers into trial modifications under the Obama foreclosure prevention plan, the Treasury Department said Tuesday.

With Congress on the verge of limiting penalties on delinquent borrowers, credit card companies are expected to turn to their best customers to make up the difference.