Mortgage modification program ahead of schedule, White House says

The $50-billion Making Home Affordable program, after a fitful start, has helped 500,000 borrowers get their payments lowered, the administration says. The Obama administration today said its much-criticized program to help homeowners avoid foreclosure had met its initial target of 500,000 trial mortgage modifications about a month ahead of schedule, touting the news as a sign the effort is gaining momentu...

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