Politics & Government

February 18, 2010

Making Home Affordable program shows signs of life in California

Mortgage lenders permanently modified 116,297 home loans nationally in January, according to the U.S. Treasury. That far exceeded December's 66,465 permanent modifications and November's 31,382, the report showed. Treasury Department officials called it a sign that the Obama administration's much-criticized Making Home Affordable program is gaining traction to help ease the foreclosure crisis in regions like Sacramento.

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