Tag: "Borrowers"

Government extends refinance program a year

The government is giving homeowners another year to refinance their loans under a little-used program designed to help borrowers whose homes have plummeted in value.




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Fewer people falling behind on home loans

The number of borrowers falling behind on their mortgage payments dropped sharply at the end of last year, a sign the foreclosure crisis is beginning to ebb.




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Mortgage relief reaches 7 percent of borrowers

The Obama administration’s mortgage relief plan provided help to 7 percent of borrowers who signed up last year.




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Few borrowers helped by modified mortgages 

One of the biggest challenges to ending the foreclosure crisis is this: A surprising number of homeowners who get their monthly payments reduced fall behind again within a year.




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Citigroup to suspend foreclosures for 30 days

Citigroup Inc. will suspend foreclosures and evictions for 30 days in a temporary break for about 4,000 borrowers during the holiday season.




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