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Obama administration ramps up efforts to aid struggling homeowners
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Among the major changes made to the much-criticized Home Affordable Modification Program is a set of new incentives for lenders to reduce the principal on so-called underwater mortgages.
By Jim Puzzanghera
March 26 2010, 10:08 AM PDT
Reporting from Washington -- Obama administration officials on Friday ramped up their attempts to help struggling homeowners, announcing major changes to the government's much-criticized $75-billion program to modify mortgages to avoid foreclosures.
The complete article can be viewed at:
http://www.latimes.com/business/la-fi-obama-mortgages27-2010mar27,0,6966492.story
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