Foreclosure Freeze to Cover Nearly All Borrowers
February 19, 2008 – 9:42 amA week ago six of the major mortgage servicers involved in the Hope Now alliance announced that they would be offering a pause in foreclosure proceedings to borrowers who appeared able to enter into loan modification agreements. Now the remaining 19 members of the alliance have agreed to adopt the same guidelines in a program nicknamed Project Lifeline.
The expansion of the program was announced Tuesday and...
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