6 Lenders Expand Efforts to Aid Struggling Borrowers
Deseret News (Salt Lake City) › February 12, 2008
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Summary
Six major lenders agreed to widen their efforts to help borrowers of all loans -- not just subprime -- and allow seriously overdue homeowners to suspend foreclosures for 30 days while affordable loans are worked out.
The plan, called Project Lifeline, is to be announced today by the Treasury Department and the Department of Housing and Urban Development, a person familiar with the plan said Monday evening.See the full content of this document
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6 Lenders Expand Efforts to Aid Struggling Borrowers
The plan will initially involve six of the largest mortgage lenders, in hopes that more lenders will sign on. ...
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