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10 Dec

Gov’t mortgage plan provides little permanent help (AP)

Posted in business on 10.12.09

FILE - In this Feb. 23, 2009 file photo, a home is seen in San Antonio, facing imminent foreclosure without assistance. Just over 31,000 homeowners have received permanent loan modifications under the Obama administration's mortgage relief plan, a big setback for the government's embattled effort to stem the foreclosure crisis.(AP Photo/Eric Gay, file)AP – The Obama administration’s embattled mortgage relief plan has provided permanent help to only 4 percent of borrowers who have signed up, weak results that could threaten the housing market’s recovery.



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