Our Business News

Business articles & tips that will guide you.

Facebook
RSS

The Treasury Department on Thursday said that roughly a million troubled borrowers on the verge of foreclosure have had their mortgages permanently modified to lower payments as part of a White House program -- with modifications increasing marginally in July. The Treasury reported that 1,060,238 permanent HAMP modifications were started as of July, up from 1,043,000 modifications in June. The total amount helped still fell far short of the 3 to 4 million foreclosures that the White House aimed to stop when it unveiled the program in February 2009. The program, known as the Home Affordable Modification Program, helps struggling homeowners by allowing them to reduce monthly loan payments. Under the plan, the lender voluntarily lowers the interest rate in exchange for government subsidies.

Comments are closed.

Rules to Follow Whil

If you have done everything on the creative and technical ...

5 Biggest Mistakes F

The process of buying a home is riddled with obstacles. ...

How to deal with the

Who does not love bonuses? If you are in the ...

Is Content Marketing

In the attempt to streamline everyday business operations, companies are ...

9 Common Reasons for

If you’re like most business owners, the decision to apply ...

web
statistics