housing advocates

CNN examines the stalled efforts to rework troubled mortgages, noting that only 6 percent of  4 million eligible homeowners have been helped so far under the Obama administration’s Making Home Affordable program. The piece notes that banks say they are trying to do loan modifications, but need more time to get up to speed on [...]

Even if the White House pitch included measures to help homeowners, experts say restructuring disparate, toxic mortgages would prove difficult.

With an embedded TWI/ANP video, Pain on Main St.