0 minute readA major effort by the Obama administration to keep homeowners out of foreclosure may be reaching its limits long before the crisis abates. The government’s loan modification program has helped about 300,000 defaulting households get permanent new loans, according to federal data released on Monday. But that is only a small fraction of the estimated four million households in danger of foreclosure and of the 1.7m households that the governments thinks would qualify for the program.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
