WASHINGTON — President Obama's signature foreclosure rescue plan is losing its punch.
According to a federal report released Friday, fewer people are using the Obama administration's program that was designed to help keep people out of foreclosure.
Nearly half of the homeowners who sought help have now fallen out.
The treasury department report says people who had tried to get their mortgages modified through the home affordable modification program, known as "hamp," have been cut loose.
Rising foreclosures could weaken the already ailing housing market.
Web Search powered by YAHOO!
|
NewsNews
Obama's foreclosure rescue plan is losing its punch
By:
|
Alabama's13.com
Published: August 23, 2010
Published: August 23, 2010
Email
Facebook
Google
Twitter
Favorites
MoreAdvertisement
View More:
Business_Finance,
Department Of The Treasury,
Obama,
Obama Administration,
President,
Washington
Not what you're looking for? Try our quick search:
Reader Comments
*Facebook Account Required to Comment. If you are not already logged into Facebook, please click the comment button to do so.Deal of the Day
Advertisement
Most Popular
Advertisement
Links We Like
Advertisement
Advertisement