Administration Plans New Efforts on Foreclosures

Ad Feedback

On Monday, the White House will announce plans to expand a program to battle the country's home foreclosure crisis.

The government wants mortgage companies to do more to help people remain in their homes and it's turning up the he heat on those who don't.

Industry officials say part of the new effort will highlight firms that are lagging in that area.

The Treasury Department is also expected to announce it will wait until the loan modifications are permanent before paying cash incentives to mortgage companies that lower loan payments.

Log in or create an account to post a comment.  


Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBN News

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.