|
With more than 4 million homeowners behind on their mortgage payments, the government is scrambling to help at-risk borrowers avoid foreclosure.
President Barack Obama plans to help up to 9 million borrowers avoid foreclosure through refinanced mortgages or modified loans. The Obama administration expects its plans to make a big dent in the foreclosure crisis. But it remains to be seen whether the lending industry will fully embrace it, despite $75 billion in incentive payments.
<<< Click on the questions at left for answers about mortgage assistance:
Credits: AP
|
