President Barack Obama's $275 anti-foreclosure homes program may come too late for some families in Washington who are in the process of losing their distressed properties.
Senators are being urged by community advocates and economists to pass the bill that would empower judges to order lenders to modify the loans of homeowners filing for bankruptcy to save their houses from becoming foreclosed homes.
Financial institutions completed more loan modifications in New York than in most other areas. The area posted the second-highest rate of HAMP activity in April.
Print This Article
Add To Favorites