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Mortgages: Feds OK 230,000 Modification Trials

The Treasury Department says 400,000 modification offers have been sent out under the Making Home Affordable (MHA) loan modification program. So far, 230,000 borrowers have agreed to trial modifications. These are enormous numbers compared to the Bush years. Under the FHASecure program about 4,000 delinquent conventional borrowers were able to refinance there has been just [...]

4Aug2009 | | 0 comments | Continued