(
Leave Comment
Expand/Contract Article
Posted By: Kenneth E. Lamb
Thursday February 25th, 2010 - 8:51PM
If Obama actually pulls this off, watch his favorable ratings skyrocket.
Written by Dawn Kopecki - Courtesy of: www.bloomberg.com
The Obama administration may expand efforts to ease the housing crisis by banning all foreclosures on home loans unless they have been screened and rejected by the government’s Home Affordable Modification Program.
The proposal, reviewed by lenders last week on a White House conference call, “prohibits referral to foreclosure until borrower is evaluated and found ineligible for HAMP or reasonable contact efforts have failed,” according to a Treasury Department document outlining the plan.
Report Abuse