Real estate blog entries tagged with 700 billion bailout by Claudette Millette - Metrowest Mass Buyer Broker (The Buyers' Counsel)

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Home : Blogs : Claudette Millette - Metrowest Mass Buyer Broker : Massachusetts Real Estate News & Opinion by Claudette Millette : Tag "700 billion bailout"

700 billion bailout: The Administration's Foreclosure Program - In Need of Major Changes - 11/30/09 10:29 PM

With foreclosures still occurring in record numbers, the administration has announced that it will be making some changes to its "Home Affordable Modification Program."
The original $75 billion Treasury program was put into effect to help potential foreclosure victims by enticing the banks to create loan modification programs for those who needed them. Under the plan, lenders who agreed to lower payments for troubled borrowers were to be paid $1,000 initially for each loan. That was to be followed by $1,000 annually for up to three years.
It was all part of the government's $700 billion financial bailout aimed at providing incentives for … (59 comments)

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Claudette Millette - Metrowest Mass Buyer Broker

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