Bankruptcy Law News
7/3/2008 8:41:01 AM EST
Pace of mortgage aid by industry dropped in May
WASHINGTON – (AP) The pace of the mortgage industry's efforts to assist troubled borrowers declined in May, as critics questioned lenders' progress in aiding U.S. homeowners facing foreclosure.
Hope Now, a group backed by the Bush administration to help stem the mortgage crisis, said Wednesday that about 169,000 borrowers received some form of loan workout in May... Full version (available to lexis.com subscribers) Create an account or login to post comments.