U.S. mortgage-relief plan aids 16%
170,000 of 1.1 million applicants see loan payments reduced
Posted: March 13, 2010 at 4:11 a.m.
Homeowners wait Thursday to meet with housing counselors and representatives from major lenders in Glendale, Ariz., at an event organized under the Making Home Affordable program.
The Obama administration’s mortgage-relief plan has helped only about 16 percent of borrowers who signed up since its launch last year, while hundreds of thousands of homeowners remain in limbo.
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Business, Pages 31 on 03/13/2010
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