The Obama administration has announced changes to its signature foreclosure prevention program, Making Home Affordable. The initial foreclosure relief program unveiled one year ago was supposed to help up to four million struggling homeowners. So far fewer than 200,000 borrowers have been granted permanent loan modifications. Meanwhile, a record 2.8 million properties with mortgages received foreclosure notices last year, according to the real estate data company RealtyTrac. [includes rush transcript]
Monday, March 29, 2010
Economist Dean Baker: Banks Could Be Big Winners of President Obama’s Foreclosure Prevention Program
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