Obama to push banks on mortgages (FREE stuff!)
NEW YORK (CNNMoney.com) -- As foreclosure casualties mount, the Obama administration is expected to announce additional steps on Monday to get long-term help for troubled borrowers. Under the new initiative, the government will provide more resources for borrowers and will partner with organizations to offer homeowners assistance, a Treasury Department spokeswoman said. The plan also calls for increased transparency and accountability on the part of loan servicers. The administration's move is its latest attempt to jumpstart its $75 billion loan modification plan, which many fear will fall far short of its goal to help up to 4 million delinquent homeowners.
Original Article: Forum: News/Activism
Tags: Accountability, Attempt, Banks, Borrowers, Casualties, Cnnmoney, Delinquent Homeowners, Department Spokeswoman, Foreclosure, Free Stuff, Initiative, Loan Modification, Loan Servicers, Many Fear, Mortgages, Partner, Transparency, Treasury Department