Wednesday, Jul 27, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Economy

183,000 borrowers get loan assistance in April

A mortgage industry alliance, under pressure to show progress in its efforts to aid troubled borrowers, says lenders gave a record amount of assistance to homeowners last month.

Statistics released yesterday by Hope Now, a group backed by the Bush Administration to help stem the mortgage crisis, show that nearly 183,000 borrowers received a loan workout in April. That was the highest monthly number since the effort started last summer.

Some, however, call the industry efforts inadequate. They are pushing for a new $300 billion program to allow the government to back new loans for struggling homeowners. Supporters hope the measure clears Congress by July 4.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…