Monday, October 25, 2010

Obama foreclosure-relief plan fails to show gains

This number will go much higher.  There are many homeowners in the trial phase that are still defaulting.
The Treasury Department says about 729,000 homeowners who applied to have their mortgage payments lowered have been disqualified through September. That's about 53 percent of the nearly 1.4 million who enrolled in the program over the past year. And it's up from about 680,000 a month earlier.
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