Only a tiny percentage of troubled homeowners have received permanent modifications under President Obama's foreclosure prevention plan, raising concerns about the effectiveness of the $75 billion effort.
12% of borrowers helped by Obama plan
Mortgage servicers have placed 12% of eligible troubled borrowers into trial modifications under President Obama's foreclosure prevention plan, the Treasury Department said Wednesday.
9% of late home loans get help
Mortgage servicers have put nearly 9% of delinquent borrowers into trial modifications under the Obama foreclosure prevention plan, the Treasury Department said Tuesday.
Mortgage hardship applicants in limbo
Chase denied an untold number of loan modifications for a reason that is now prohibited: It determined that homeowners' financial troubles were temporary.
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