25% Since Its Start Had Received Permanent Relief
Latest report from the Treasury Department adds to the problems in the Obama administration’s $75 billion program. While government electors summed it as a helping hand that could aid in turning around the housing market, others see it as something that prolongs the inevitable surge of foreclosures. The others appear to be right; as evidence shows the number of homeowners abandoning the mortgage assistance program is about equal to those whom have received permanent relief. And abandoners are on the rise. As of last month, over 299,000 homeowners had received permanent loan modifications,...