Description:
This February 2008 article describes the public-private Project Lifeline, "billed by Treasury Secretary Henry Paulson as 'a targeted outreach to homeowners 90 days or more delinquent that may lead to a pause in the foreclosure process.'" This project "covers all residential mortgages, not just subprime loans. The project comprises six of the biggest mortgage servicers: Countrywide, Wells Fargo, CitiMortgage, Chase Home Finance, Washington Mutual and Bank of America." From Bankrate. |