A Lifeline for Delinquent Mortgage Borrowers


Subject:
Housing , Mortgages

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.

Creator:
Lewis, Holden

Publisher:
Bankrate, Inc.

Language:
English

Source:
http://www.bankrate.com/brm/news/mortgages/20080214_project_lifeline_a1.asp


PID= res:lii-25614