Meager federal plan for homeowners
A year ago, the Obama administration set out to help 3 million to 4 million homeowners saddled with toxic mortgages. Gregory J. Wilcox in the Daily News.
But numbers from the Home Affordable Modification Program suggest that achieving the goal was more difficult than many people thought it would be. February's summary from the departments of Housing and Urban Development and Treasury show:
The government has offered trial modifications to 1.3 million homeowners.
About 1.1 million accepted them.
About The
Sausage Factory
Los Angeles Daily News City Hall reporter Rick Orlov writes about politics on the local, state and national stage.
Leave a comment