Archive for June 21st, 2009


Sun
21
Jun

One Hole in Making Home Affordable Program Filled – Automatic Modifications to Second Mortgages

On April 28, the Obama Administration addressed one of the shortcomings of the Making Home Affordable Modification Program. The original program was announced in early March.  In this program the interest rates and the monthly payments for people facing foreclosure are reduced on first mortgages so that people can save their homes. It is estimated [...]