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Housing Plan Will Accelerate Loan Modifications, HUD Says

March 31st, 2009 3:05 PM by Lehel Szucs

Housing Plan Will Accelerate Loan Modifications, HUD Says

Bloomberg News
7:05 AM PST, February 13, 2009

The Obama administration's housing recovery plan will accelerate loan modifications for distressed homeowners and will reform the bankruptcy system for foreclosures, Housing Secretary Shaun Donovan said today.

The U.S. Department of Housing and Urban Development wants to create a "comprehensive foreclosure response" before the first 100 days of the new administration is concluded, Donovan said in a speech in New York today.

Posted in:General
Posted by Lehel Szucs on March 31st, 2009 3:05 PM

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