Content Tagged As mortgages

5 years 1 month ago

Surge in foreclosures feared

The number of U.S. households facing foreclosure in January dropped compared to December but increased 15 percent from the same month last year. Experts say a surge in cash-strapped homeowners who've fallen behind on mortgages could be on the way. RealtyTrac Inc. says more than 315,000 households received...

5 years 2 months ago

Government readies changes to mortgage relief plan

The Treasury Department plans on Thursday to unveil changes designed to streamline the burdensome paperwork for its foreclosure relief plan, according to people briefed on the matter. The tweaks to the problem-plagued program could help more borrowers complete loan modifications. But they are unlikely to placate critics who have...

5 years 4 months ago

Housing plan reaches 1 in 5 borrowers

After a slow start, the Obama administration's mortgage relief program has reached one in five eligible homeowners, a government report says. More than 650,000 borrowers, or 20 percent of those eligible, have signed up for trials lasting up to five months, the Treasury Department says. The modifications reduce monthly payments...

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