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.
Can't make your mortgage? Get an emergency loan
Erin and Robert Smith had no problem handling the $2,000 monthly payment on their home ... until they lost their jobs.
Sto-Fen Omni-Bounce for the Canon 580EX Flash
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