White House calls for more mortgage modifications

White House calls for increased efforts on mortgage modifications

Senior officials with the Obama administration met with bank executives to increase efforts to curb foreclosures. The Treasury is encouraging bankers to ramp up efforts to modify mortgages and help struggling homeowners. Making Home Affordable, the government program launched in March, has helped about 200,000 homeowners modify their loans. The Treasury wants 500,000 mortgage modifications by Nov. 1.

The Washington Post