Fannie Mae said on Wednesday that it would "lockout" borrowers from getting a new loan for seven years if they "strategically default" on a property.
WASHINGTON (AP) -- The Obama administration's flagship effort to help people in danger of losing their homes is falling flat. More than a third of the 1.24 million borrowers who have enrolled in the $75 billion mortgage modification program have dropped out.
WASHINGTON - The Obama administration's flagship effort to help people in danger of losing their homes is falling flat.
WASHINGTON (AP) -- The Obama administration's flagship effort to help people in danger of losing their homes is falling flat. More than a third of the 1.24 million borrowers who have enrolled in the $75 billion mortgage modification program have dropped out.
The Obama administration’s flagship effort to help people in danger of losing their homes is falling flat.
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