Money Hacks

Geez, it’s about time!

Senior administration officials pressed executives from the nation’s largest banks Tuesday to speed help to distressed borrowers after a frustrating start to the government’s foreclosure-prevention effort and set a goal of more than doubling the number of homeowners receiving aid by November.

U.S. Asks Banks to Speed Up Mortgage Modifications for Troubled Homeowners – washingtonpost.com
Technorati Tags: mortgage meltdown, credit crunch, housing crisis, foreclosure