The mortgage modification program is extended another year and expanded to include investors. Large banks will get more incentives to help struggling homeowners. Struggling homeowners are set to get more help from the federal government as the Obama administration extends its key foreclosure prevention plan for a year.
The Obama administration is taking another swing at improving its main foreclosure prevention program.
The Obama administration is taking another swing at improving its main foreclosure prevention program.
The Treasury Department expands a troubled program seeking to help troubled borrowers on the verge of foreclosure, expanding incentive payments to investors so they participate in the program.
The Obama administration said Friday that will expand its signature foreclosure-prevention program to try to help those with heavy debt loads avoid losing their homes.
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