Home Affordable Modification Program November 30, 2009 - CBS 2 News at 11AM
If you're worried about losing your home to foreclosure, the Obama administration may have some good news for you. It plans to expand a program to help keep people in their homes by increasing the rate at which troubled loans are converted into new ones - with lower monthly payments. Under a $75 billion treasury program, mortgage companies that agree to lower payments collect $1,000 from the government for each loan, followed by $1,000 annually for up to three years.
More information about the Obama Administration’s mortgage modification program can be found at www.MakingHomeAffordable.gov.
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Epiphany Essentials
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